ETFs/ETPs listed in Europe have gathered net inflows of $2.92bn (€2.63bn) in February 2016, according to consultant ETFGI.
ETFGI observes ETFs/ETPs listed in Europe have been recording net inflows for 17 consecutive months.
In February, the European ETF/ETP industry totaled 2,199 ETFs/ETPs, with 6,846 listings and assets amounting to $485bn (€437bn), from 52 providers listed on 25 exchanges.
“February was another volatile month for equity markets which drove investors to invest net flows into government bonds and gold.
“The S&P Europe 350 index was down –2.07% marking the third consecutive month loss. The S&P 500 closed the month down 0.13%. Despite recent uncertainty, emerging markets gain 0.31% in February, while developed markets outside of the U.S. declined 1%,” commented Deborah Fuhr, managing partner at ETFGI.
Commodity ETFs/ETPs have hit a new record, having gathered $2.66bn (€2.4bn) last month. The former record was $2.12bn (€1.91bn) in September 2012.
Fixed income ETFs/ETPs have recorded $2.12bn (€1.91bn)while equity ETFs/ETPs faced net outflows of $2.19bn (€1.97bn).
Regarding ETFs/ETPs providers, ETF Securities has led the market in February 2016 with $1.36bn (€1.22bn), followed by iShares with $771m (€695m) and Vanguard with $330m (€297.5m) net inflows.
Turn on TV news market reports, flick to the financial commentary in the business pages, and more often than not those holding forth their views of the sector will be male.
Sometimes referred to as the ‘biggest manager you have never heard of’, Jonathan Boyd has caught up with PGIM for insight into its Europe region developments as part of global expansion