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
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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