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Inflows return to European ETF industry

ETFs see infowsEuropean exchange-traded funds (ETF) saw a return of positive flows in September driven by equities.

ETFs saw net inflows of €19.5 billion, just a month after August’s massive sell-off.

Inflows, combined with the positive performance of underlying markets, led to assets under management increasing to €795.5 billion.

Equity ETFs took the lion’s share of inflows with €12.8 billion of new cash, followed by bond funds with €5.6 billion, according to the latest fund flow report from Refinitiv.

Equity funds held the majority of assets (€536.2 billion), followed by bond funds (€225.5 billion).

UBS ETF was the best-selling ETF promoter in Europe for September (+€7.7 billion), ahead of iShares (+€4.9 billion) and Xtrackers (+€3.2 billion). 

“Since the European ETF market is highly concentrated, it was not surprising that eight of the 10 largest promoters by assets under management were among the 10-top selling ETF promoters for September,” said regional head of research Detlef Glow.

The top ten promoters accounted for 93.2% of the overall assets under management in the European ETF industry.

In August, European ETFs suffered their first net redemptions since February 2016 with investors withdrawing €8.8 billion overall.

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