European ETFs hit record

European flagsEuropean listed exchange-traded funds (ETFs) and exchange-traded products (ETPs) gathered a record level of $9.2 billion in monthly net inflows in April, which helped push assets to $449.7 billion, a new record high.

 iShares gathered the largest net inflows with $2.6 billion, followed by Source with $1.7 billion in net inflows, and db x-trackers/db ETC with $1.1 billion in net inflows.

The industry globally hit a record high of $2.49 trillion in assets at the end of April 2014, says ETFGI, an ETF research company which produced the figures .

Deborah Fuhr, managing partner at ETFGI, says: “In April, as was the case in March, investors continued to show a strong preference to equity allocations. Equity markets were again choppy in April - the S&P 500 closed at an all-time high on April 2nd but ended the month up less than 1%.”

The DJIA closed the month at an all-time high of 16,581. Outside the US, developed markets improved slightly, European equities continued to strengthen, while emerging markets remained flat for the month.” according to Deborah Fuhr, managing partner at ETFGI.

In April 2014, ETFs/ETPs listed in Europe saw net inflows of $9.2 billion. Equity ETFs/ETPs gathered the largest net inflows with $5.2 billion, followed by fixed income ETFs/ETPs with $2.9 billion, and active ETFs/ETPs with $460 million.

In the year-to-date to the end of April 2014, European ETFs and ETPs saw net inflows of $20.3 billion, which is significantly ahead of the $6.9 billion gathered at this time in 2013, says Fuhr.

Fixed income products have gathered the largest net inflows year-to-date with $9.8 billion, followed by equity products with $8.7 billion.

Active ETFs and ETPs gathered net inflows of $959 million year-to-date.

At the end of April 2014, the European ETF/ETP industry had 2,015 products, with 6,130 listings, from 50 providers listed on 25 exchanges across Europe.

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