ETF assets fall despite net inflows

Exchange-traded funds (ETFs) in Europe saw their steady growth in assets under management reverse slightly in September due to hostile market conditions.

Positive inflows could not offset market effects, which dragged European ETF assets down by €0.3 billion, according to Lipper data.

In total, assets fell from €480.4 billion on August 31, to €480.1 billion on September 30.

Net new inflows of €2.1 billion were more than offset by negative market movements, which reduced assets by €2.4 billion.

Bond vehicles received the highest net inflows over the month (€1.3 billion), followed by equities (€1 billion). Far behind fell commodities and ‘other’, receiving inflows of €0.1 billion each.

Money market ETFs suffered the highest net outflows (-€0.3 billion), followed by alternatives (-€0.02 billion) and mixed-assets (-€0.01 billion).

The European ETF market overall remains highly concentrated, with 40 % of assets held in just five fund classifications out of a total of 165. They are US equities, Eurozone equities, European equities, global equities and corporate bonds.

©2016 funds europe

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