European listed ETF inflows stronger than ever

Jul 9th, 2015 | By | Category: ETF and Index News

The European exchange-traded fund and exchange-traded product industry gathered more assets in the first half of 2015 than in the first half of any previous year.

European ETF flows stronger than ever

European ETF and ETP flows are on course for a record beating year.

According to industry consultants ETFGI, the first six-months of the year saw $40bn in net new assets flow into ETFs and ETPs listed in Europe, well above the record of $32bn set in 2014.

In June, ETFs/ETPs listed in Europe saw net inflows of $978m. Equity funds gathered the largest net inflows with $3bn, bringing the year-to-date total to $20.3bn.  Fixed income funds experienced net outflows in June of $1.7bn and commodity funds saw net outflows of $326m. However, year-to-date both asset classes have seen net inflows of $15.4bn and $1.8bn respectively.

European flows are in keeping with the global trend of record beating ETF/ETP asset growth so far this year, with record levels of net new assets being gathered globally ($152bn) and in the US ($103bn).

Among ETF providers, Vanguard gathered the largest net inflows in June with $685m, followed by Source with $362m and UBS ETFs with $303mn net inflows.

Year-to-date, iShares has gathered the largest net inflows with $14.3bn, followed by Lyxor AM with $6.1bn, Deutsche Asset & Wealth Management  with $5.7bn, UBS ETFs with $4.6 Bn and SSGA’s SPDR ETFs with $2.1 Bn.

At the end of June 2015, the European ETF/ETP industry had 2,118 ETFs/ETPs, with 6,502 listings, assets of $499bn, from 50 providers listed on 25 exchanges in 21 countries.

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