ETF assets top €400 billion

ETF screenAssets managed in exchange-traded funds (ETFs) based in Europe broke through the €400 billion mark last year to reach €449.3 billion, according to figures out today from Thompson Reuters Lipper.

Net sales mainly drove the €80.4 billion increase from €369 billion at the end of 2014, according to Detlef Glow, a regional head of research at Thomson Reuters. Net sales were just over €71 billion.

Equity funds saw the highest net inflows for the year, at €44.6 billion, with Eurozone equity ETFs seeing the largest inflows, at €16.1, billion, and Europe second, at €9.1 billion.

iShares (€30.3 billion), db x-trackers (€10 billion), and Lyxor ETF (€8.8 billion) were the best selling ETF promoters in Europe for 2015.

The iShares Core MSCI World Ucits ETF (+€2.6 billion) was the best-selling ETF.

In January, ETFGI, an ETF consultancy, reported that ETFs and wider exchange-traded products listed in Europe gathered US$82 billion (€73.5 billion) in net new assets in 2015 – 32.5% above the prior record in 2014 and that assets under management increased $506 billion.

The number of providers had also grown from 49 to 51.

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