European ETFs saw inflows of €2.3 billion in August

ETFsEuropean exchange-traded funds (ETFs) attracted net inflows of €2.3 billion in August, according to figures from Lipper.

The inflows bought assets under management in the European ETF industry to €671.7 billion, up from €670.1 billion at the end of July.

Equity ETFs was the best performing sector in August with inflows of €2.9 billion.

The best-selling Lipper global classification for August was Equity US (+€1.7 billion), followed by Bond USD (+€0.8 billion) and Equity Global (+€0.7 billion).

Vanguard was the best-selling ETF promoter in Europe for August with sales of €0.8 billion, ahead of Xtrackers (+€0.5 billion) and SPDR (+€0.5 billion).

The ten best-selling European funds gathered total net inflows of €3.1 billion for August.

The best-selling ETF in August, Vanguard’s S&P 500 Ucits ETF USD, accounted for net inflows of €0.6 billion or 25.33% of overall net inflows.

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