Inflows to European ETFs hit 21st consecutive month, finds ETFGI

Jul 15th, 2016 | By | Category: ETF and Index News

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Exchange-traded funds and exchange-traded products in Europe gathered $5bn in net new assets, making June the 21st month of net inflows, according to independent research firm ETFGI.

Globally-listed ETFs/ETPs gathered over $370bn in net new assets during 2015, according to ETFGI

Deborah Fuhr, managing partner at ETFGI.

In June, equity ETFs/ETPs gathered the largest net inflows with $2.17bn flowing in. This was followed by fixed income ETFs/ETPs with $1.47bn, and commodity ETFs/ETPs with $1.24bn. The flows came despite Europe feeling the impact of Brexit when the UK’s FTSE 100 dropped 8% in the morning following the vote, but closed only 2.5% lower.

Year-to-date, ETFs/ETPs have seen net inflows of $22.34bn, which is significantly below the $40.15bn gathered over the same time last year. However, flows into fixed income ETFs/ETPs hit a record high of $17.62bn in YTD net inflows, while commodity ETFs/ETPs also saw a record $7.54bn in net inflows. Equity ETFs/ETPs experienced net outflows YTD with $4.21bn.

“Markets and investors around the world were engulfed in the chaos following what many saw as the unexpected result of the UK’s June 23rd vote. Volatility was up significantly during the month. The S+P 500 index was up just 0.3%. Emerging markets were up 3.94% while developed markets ex-US declined 2.87%.There is still uncertainty in the markets due to questions on when and how Brexit changes will be implement and the many changes happening in UK political parties, according to Deborah Fuhr, managing partner at ETFGI.

iShares gathered the largest net ETF/ETP inflows in June with $2.19bn, followed by Vanguard with $752m and Lyxor AM with $626m net inflows. YTD, iShares has gathered the largest net ETF/ETP inflows with $12.90bn, followed by ETF Securities with $2.94bn and SPDR ETFs with $1.80bn net inflows.

At the end of June 2016, the European ETF/ETP industry had 2,206 ETFs/ETPs, with 6,920 listings, assets of US$529 Bn, from 53 providers listed on 25 exchanges in 21 countries.

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