Europe ETF/ETP flows hit $5bn in June

ETFs and ETPs listed in Europe attracted $5bn in net flows through June, the 21st month of consecutive net inflows according to research consultancy ETFGI.

By month’s end, the European industry had 2,206 products representing 6,920 listings and assets of $529bn. Some 53 providers are present on 25 exchanges in 21 countries, the ETFGI data suggests.

However, the trend of asset inflows has slowed on the same year to date period last year – $22.34bn from $40.15bn.

Deborah Fuhr, managing partner at ETFGI, said: “Markets and investors around the world were engulfed in the chaos following what many saw as the unexpected result of the UK’s June 23rd vote. Volatility was up significantly during the month. The S+P 500 index was up just 0.3%. Emerging markets were up 3.94% while developed markets ex-US declined 2.87%.There is still uncertainty in the markets due to questions on when and how Brexit changes will be implement and the many changes happening in UK political parties.”

Across asset classes, fixed income ETFs/ETPs have gathered $17.62bn year to date, while commodities have attracted $7.54bn. Equities products have seen net outflows of $4.21bn.

By market share, iShares remains the biggest provider to the European industry, with net inflows through June of $2.19bn. Vanguard saw $752m and Lyxor AM $626m respectively in net inflows.

In the first six months of the year, iShares gathered $12.9bn in net inflows, while ETF Securities attracted $2.94bn and SPDR ETFs $1.8bn, according to the ETFGI data.

Jonathan Boyd
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