European ETF flows shoot upwards year-to-date

Exchange-traded products, which were said to have broken through a milestone in global assets under management (AUM) recently, have seen a large increase in year-to-date inflows in Europe.

This year, Europe’s exchange-traded products saw $40.56 billion (€36.75 billion) of net inflows by the end of April, compared to $14.98 billion at the end of April last year.

European assets under management in Europe now stand at over $658 billion, ETFGI reports.

iShares gathered the largest net inflows year-to-date at the end of April with $10.04 billion. Lyxor was next with about half as much, and then Amundi slightly behind Lyxor with $5.44 billion.

In April, Amundi topped the table, followed by UBS and Lyxor. Investors placed $5.20 billion in European ETFs during the month.

Equities drove inflows in April. Deborah Fuhr, managing partner of ETFGI, said: “Investors continued to favour equities over fixed income and commodities as equity markets performed positively in April. The S&P 500 was up 1%, international equity markets outside the US and emerging markets were both up 2% in April.”

In May ETFGI said global assets had broken through $4 trillion, while BlackRock reported that assets were close to this figure.

©2017 funds europe

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