Europe’s ETF sales fell in April

The European exchange-traded fund (ETF) industry’s collective assets under management rose from €437.3 billion in March to €445.4 billion in April, despite declining inflows.

Over half of the monthly asset increase was driven by underlying market performance (€4.8 billion), with net sales contributing €3.3 billion to asset growth. However, sales in April were lower than in March, with a fall of €0.8 billion, according to Thomson Reuters Lipper data.

The ten best selling ETFs reaped total net inflows of €4.1 billion in April. The iShares Core S&P 500 Ucits ETF, the best selling ETF, received inflows of €0.9 billion – just under a quarter of the total net inflows for the month.

Bond ETFs attracted the highest net inflows for the month, followed by commodity products. Equity ETFs suffered the highest net outflows, at €0.8 billion.

Nonetheless, equity ETFs continue to hold the majority of assets (€301 billion), followed by bonds (€119.4 billion).

©2016 funds europe