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European ETFs celebrate 12 months of inflows

europe_etfsThe European ETF industry saw net inflows for the twelfth consecutive month in March despite outflows from asset classes such as bonds and money market ETFs.

Throughout the month ETF promoters in Europe attracted net €16.6 billion of inflows, with equity ETFs drawing the lion’s share, according to data from Refinitiv.

European ETFs investing in equities attracted an estimated net €18.7 billion, while investors pulled out €2.5 billion from bond ETFs and €0.1 billion from money market ETFs. 

Detlef Glow, head of EMEA Research at Refinitiv Lipper, said: “March 2021 marked the twelfth consecutive month with inflows into ETFs after the outflows caused by the outbreak of the coronavirus pandemic in March 2020.

“These inflows occurred in a positive market environment in which investor sentiment was still impacted by the increasing dynamics of the Covid-19 pandemic in Europe and other parts of the world.”

Assets under management in European ETFs increased from €1,034 billion in February to €1,095.8 billion in March thanks to the positive performance of the underlying markets led in combination with the estimated net inflows, Glow highlighted.

Xtrackers was the best-selling ETF promoter in Europe with €4.8 billion of inflows, followed by iShares and Vanguard Group which drew in €4.2 billion and €2 billion respectively.

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