European fund industry has buoyant first quarter

The European funds industry saw assets under management (AuM) rise to a new all-time high of €10.5 trillion in the first quarter of 2018, according to Thompson Reuters Lipper.

The increase was mainly driven by net new sales of €81.5 billion, while market performance contributed €21.3 billion.

The European exchange-traded fund (ETF) industry enjoyed increasing popularity with all kinds of investors over the period. Assets held by the European ETF industry marked a new all-time high at €676.5 billion at the end of March 2018.

The growth in the European ETF segment was mainly driven by net sales of €26.8 billion, while the performance of the underlying markets contributed a net-negative €7 billion.

Equity ETFs were the best-selling asset type in this market segment followed by bond ETFs and commodity products as well as mixed-asset ETFs. Alternative Ucits ETFs experienced net outflows.

Equity funds also showed the highest number of mergers and liquidations while mixed-asset funds had the highest number of fund launches.

©2018 funds europe

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