The European exchange-traded fund and exchange-traded product industry gathered more assets in the first half of 2015 than in the first half of any previous year.

European ETF and ETP flows are on course for a record beating year.

According to industry consultants ETFGI, the first six-months of the year saw $40bn in net new assets flow into ETFs and ETPs listed in Europe, well above the record of $32bn set in 2014.

In June, ETFs/ETPs listed in Europe saw net inflows of $978m. Equity funds gathered the largest net inflows with $3bn, bringing the year-to-date total to $20.3bn.  Fixed income funds experienced net outflows in June of $1.7bn and commodity funds saw net outflows of $326m. However, year-to-date both asset classes have seen net inflows of $15.4bn and $1.8bn respectively.

European flows are in keeping with the global trend of record beating ETF/ETP asset growth so far this year, with record levels of net new assets being gathered globally ($152bn) and in the US ($103bn).

Among ETF providers, Vanguard gathered the largest net inflows in June with $685m, followed by Source with $362m and UBS ETFs with $303mn net inflows.

Year-to-date, iShares has gathered the largest net inflows with $14.3bn, followed by Lyxor AM with $6.1bn, Deutsche Asset & Wealth Management  with $5.7bn, UBS ETFs with $4.6 Bn and SSGA’s SPDR ETFs with $2.1 Bn.

At the end of June 2015, the European ETF/ETP industry had 2,118 ETFs/ETPs, with 6,502 listings, assets of $499bn, from 50 providers listed on 25 exchanges in 21 countries.