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ETFs see continued inflows in 'positive but volatile' environment

europe_etfsThe European ETF industry continued to reach new heights in August, following estimated net inflows to the tune of €9.8 billion for the month.

Assets under management in European ETFs reached €1,231.2 billion – another new all-time high, according to the latest data from Refinitiv.

August was the seventeenth consecutive month of inflows into European ETFs since the outflows in March 2020 sparked by the pandemic. 

With €6.2 billion, equity ETFs posted the highest net inflows for August and held the majority of assets at €891.3 billion. This marked a turnaround from July where ETFs investing in bonds attracted the highest inflows across the European ETF landscape with €6.6 billion. 

In August, bond ETFs accounted for €298.6 billion of total assets in European ETFs, having attracted €3.2 billion of net inflows.

Detlef Glow, regional head of research at Refinitv, said: “These inflows occurred in a positive but somewhat volatile market environment in which investor sentiment was still impacted by the dynamics of the Covid-19 pandemic on the economies around the globe and the resulting actions taken by central banks and governments in Europe and other parts of the world.”

The only ETF categories to see outflows were 'other' and commodities ETFs which had €0.01 billion and €0.03 billion of redemptions respectively.

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