European ETF flows eclipse 2016 total

Sep 13th, 2017 | By | Category: ETF and Index News

ETFs and ETPs listed in Europe gathered $4.3bn in net new assets during August, marking 35 consecutive months of positive net inflows and a record level of $78.3bn in year-to-date (YTD) net gatherings, according to ETF industry consultant ETFGI. This figure is significantly higher than the $39.9bn in net inflows recorded at this point last year, and $22.6bn more than the $55.7bn gathered during the whole of 2016.

Europe-listed equity ETFs saw inflows of $1.6bn during the month, double the amount seen during August 2016.

Europe-listed equity ETFs saw inflows of $1.6bn during the month, double the amount seen during August 2016.

Assets invested in ETFs/ETPs listed in Europe have increased by 28.3% in the first eight months of the year, mainly led by equity ETFs, to reach a new record high of $734 billion at the end of August.

Equity ETFs/ETPs gathered $1.6bn in net inflows in August compared to the $875 million recorded over the same period last year. YTD, net inflows reached $44.7bn, more than the $18.0bn gathered in 2016 in total.

Fixed income ETFs and ETPs gathered $2.3bn in net inflows in August, growing YTD net inflows to $22.1bn, which is less than the same period last year when net inflows of $25.6bn were recorded.

Commodity ETFs/ETPs saw net outflows of $108m in August. YTD net inflows stand at $7.7bn, which is significantly less than the net inflows of $11.4bn gathered over the same period last year.

iShares gathered the largest net ETF/ETP inflows in August with $2.6bn, followed by Vanguard with $487m and SPDR ETFs with $437m net inflows.

YTD, iShares gathered the largest net ETF/ETP inflows with $26.6bn, followed by UBS ETFs with $9.6bn and Lyxor AM with $8.8bn net inflows.

Speaking about prevalent market conditions in August, Deborah Fuhr, managing partner at ETFGI, commented: “August is typically a challenging month for equity markets with the average loss over the past 20 years for the S+P 500 at 1.3%. This year the S&P 500 was up 0.31% in August and 11.93% year to date, MSCI ACW Index was up 0.44% and 15.48% YTD while MSCI Emerging Markets was up 2.27% for August and 28.59% year to date.

“Storms and political risks remain a focus for investors – the ability of the Trump administration to move forward on policy goals and hearings on Capitol Hill, Brexit negotiations, and North Korea is still an area of concern.”

The European ETF/ETP industry had 2,285 ETFs/ETPs, with 7,215 listings from 60 providers on 27 exchanges in 21 countries.

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