European ETFs break $600 billion AUM mark

Graph_up1Active investment management was this week predicted to make a comeback – but for now, ETF flows continue their record-breaking climb.

Assets under management in exchange-traded products, including ETFs, listed in Europe reached a new record high of US$620 billion (€583 billion) at the end February – up from $599 billion a month before.

Net inflows of $12.40 billion in February partly powered this climb and it was the 30th consecutive month of net inflows for the industry, according to preliminary data from ETFGI, an ETF consultancy.

The year-to-date net flow figure also set a record: $24.01 billion, which compares to almost $6 billion by this time last year.

Equity products gathered net inflows of $7.13 billion in February and a year-to-date record of $14.60 billion.

Bond products saw net inflows of $2.55 billion during the month – greater than the same period last year when they raised a net $3.01 billion.

Commodity products saw about the same year-to-date net inflows as last year, registering $3.38 billion of sales.

iShares gathered the largest February flows with $3.89 billion, followed by Lyxor and Amundi.

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