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European ETFs jump in first half of 2017

ETFsEuropean ETFs’ assets under management (AuM) jumped in the first half of 2017 on the back of high net inflows and positive market performance.

The European ETF industry saw AuM reach €577.8 billion up from €514.5 billion at the end of December 2016, according to Thomson Reuters Lipper’s European ETF market review for the first half of 2017.

Detlef Glow, the author of the report, said, that all asset types in the European ETF segment enjoyed net inflows.

The increase of €63.4 billion for the first half of 2017 was, he said, mainly driven by net new sales (+€50.2 billion), while market performance contributed €13.2 billion to the assets under management in the ETF segment.

Equity funds (€403.9 billion) held the majority of the assets, followed by bond funds, commodity products, “other” funds, money market funds, mixed-asset funds and alternative Ucits products.

iShares (€271.8 billion) was the largest promoter by AuM in the European ETF industry at the end of June 2017, accounting for 47.04% of overall AuM.

It was also the best selling ETF promoter in Europe (+€16.7 billion) ahead of Amundi ETF and Lyxor ETF.

Net new sales of €50.2 billion were far above the average annual flows into the European ETF segment. This may prefigure a new record in net new sales for the European ETF industry in 2017.

Equity ETFs (+€31.6 billion) posted the highest net inflows in the European ETF industry for first half 2017, followed by bond ETFs, “other” ETFs, commodity ETFs and money market ETFs as well as alternative Ucits ETFs and mixed-asset ETFs.

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