The promoters of ETFs in Europe enjoyed net inflows for November….
By Detlef Glow, Lipper’s head of EMEA research at Refinitiv
These inflows led, in combination with a positive performance of the underlying markets, to increased assets under management in the European ETF industry.
In more detail:
The assets under management in the European ETF industry increased from €657.1 bn as of October 30, 2018, to €666.6 bn at the end of November.
The decrease of €9.5 bn for November was driven by the performance of the underlying markets (+€5.5 bn), while net sales contributed inflows of €3.9 bn to assets under management in the European ETF segment.
With regard to the overall number of products, it was not surprising that equity funds (€474.7 bn) held the majority of the assets, followed by bond funds (€162.5 bn), commodity products (€18.4 bn), “other” funds (€5.4 bn), money market funds (€4.0 bn), mixed asset funds (€1.0 bn), and alternative UCITS products (€0.4 bn).
Source: ETFWorld
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