European ETF assets soar to new record

Assets invested in European-listed exchange-traded funds (ETFs) and exchange-traded products (ETPs) soared by over 40% in 2017 making it a record-breaking year for the industry.

According to data provider and consultancy firm ETFGI assets reached a new high of US$802 billion (€671 billion) at the end of December.

It is the greatest growth in assets since 2009 when markets recovered following the 2008 financial crisis, the firm said.

During 2017 European-listed ETFs/ETPs saw record net inflows of US$108.28 billion; 94.4% more than net inflows for 2016, and over double the average for net inflows over the previous five years.

December 2017 also marked the 38th consecutive month of net inflows into European-listed ETFs/ETPs, with US$1.63 billion gathered during the month.

The majority of the flows were attributed to the top 20 ETFs by net new assets, which collectively gathered US$33.60 billion during 2017.

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