European ETF assets increase despite poor market conditions

Assets held in European ETFs rose to €523.9 billion in January, up from the December figure of €514.8 billion. This increase comes in spite of negative market impacts.

Figures released by information provider Lipper showed that equity ETFs posted their fourth consecutive month of the highest net inflows in the European ETF industry in January. Inflows were €7.1 billion for the month.

Bond ETFs also enjoyed a good start to 2017, seeing €2.4 billion in inflows. Some way off but still in positive figures were commodity ETFs, which saw €0.6 billion in inflows.

Emerging market products were out of favour last month, with emerging market global bond ETFs in local currency seeing €1 billion in outflows. Hard currency bonds also saw redemptions of €0.6 billion, while emerging market equity ETFs had outflows of €0.9 billion.

Detlaf Glow, regional head of research at Lipper, said Turkish bond and United Arab Emirates equity ETFs were “obviously lacking investor interest and might therefore not be profitable for the respective fund promoters”.

Unsurprisingly, iShares topped the table for sales by fund promoter in January. But UBS made headway coming in joint second with State Street’s SPDR ETFs with inflows of €0.9 billion.

©2017 funds europe

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