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Equity hungry investors push Euro ETF assets to new high

Equity hungry investors push Euro ETF assets to new high

Appetite for equity indices has pushed up assets in European ETFs from €550.3 billion to €565.2 billion over the course of March, according to data released by Lipper.

In its monthly update, which collates European sales figures, the company said equity ETFs, as well as positive market impacts, had propelled the growth of equity ETFs, with €6.4 billion of net new money entering these types of products.

This marks the sixth month in a row that equity ETFs have seen new money added.

Elsewhere, bond ETFs added €3.0 billion and commodity ETFs added €0.5 billion. This is while money market ETFs added €0.2 billion, while both Alternative Ucits and mixed asset ETFs added €0.02 billion, respectively.

The ‘other' ETFs asset class was the only asset type that showed net outflows for the month.

The best-selling ETF classification for March at a sub-sector level was Equity US, which added €2.0 billion. This was followed by Equity Eurozone (+€1.1 billion) and Equity Emerging Markets Global (+€1.0 billion).

The inflows of the ten best-selling Lipper classifications equalled to 83.85% of the overall net inflows.

On the flipside, Equity Europe faced the highest outflows for the month, with €0.6 billion leaving the space. Equity Australia also saw outflows of €0.6 billion and European high yield bond ETFs saw outflows of €0.4 billion.

When looking at assets on a promoter by promoter basis, the largest player is iShares with 47.56% of the overall market at €268.8 billion in assets. This is ahead of Lyxor ETF (€57.5 billion) and db x-trackers (€57.3 billion).

The three biggest selling ETFs over the course of February were: iShares EURO STOXX 50 (DE); iShares EM Local Govt Bond Ucits ETF; and the Amundi ETF Floating Rate USD Corporates Ucits ETF.

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