The European ETF market continues to accrue assets and has hit a new month-on-month high, with Amundi emerging as a surprise sales leader in the short-term data.
In monthly figures compiled by Lipper, which cover April 2017, Amundi emerged as the best-selling ETF provider in Europe for the month, with €1.6 billion of net sales.
This saw it surpass stalwarts such as UBS ETF, which had €1.1 billion added, and Lyxor ETF, which added €800 million, over the course of the month.
While Amundi has risen to prominence on a short-term basis, iShares remains the dominant player in terms of total AuM within the highly concentrated industry. It has €268.9 billion in assets and accounts for 47.1% of the market.
At a top level, €570.6 billion was net inflows into the European ETF industry, which is up from €565.1 billion in the March figures. This was largely driven by equity ETFs, which added €2.3 billion, which marked the seventh consecutive month of inflows.
Breaking this down further, ETFs focused on eurozone equity, which had €1.6 billion of net inflows, while emerging markets global equity added €800 billion. Within bonds, the biggest selling asset classification was US corporates, which had €1 billion of inflows.
In terms of individual products, the iShares EURO STOXX 50 (DE) was the biggest-selling single ETF, with €700 million of inflows, while the Deka DAX UCITS ETF added €600 million and the Amundi ETF Floating Rate USD Corporate UCITS ETF accrued €500 billion.