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European ETFs hit new assets peak amid difficult markets

European ETFs hit new assets peak amid difficult markets

European ETF assets once again rose despite negative market impacts weighing on wider investment sentiment, according to the latest Lipper report.

The market snapshot, which covers the European ETF market in January 2017, showed how net inflows rose to €523.9 billion in January, up from December’s €514.5 billion.

According to Lipper, this increase was mainly driven by net sales of €10.7 billion, while the negative market performance subtracted €1.6 billion from the AUM in the overall ETF industry.

Equity ETFs saw their fourth consecutive month of having the highest net inflows with €7.1 billion of new money. Bond ETFs followed with €2.4 billion, commodity ETFs accrued €0.6 billion and money market ETFs added €0.3 billion.

Both ‘other’ ETFs, as well as mixed asset ETFs, saw €0.02 billion of inflows, with Alternative Ucits ETFs with €0.004 billion.

The worst performing category in January was global emerging market bonds in local currencies, which saw the highest outflows of €1.0 billion.

This was followed by global emerging market equities, which lost €0.9 billion, and €0.6 billion of outflows for global emerging market bonds in hard currencies.

The largest ETF promoter in Europe for January was iShares, with net sales of €2.5 billion, followed by UBS ETF and SPDR (State Street), both with €0.9 billion.

The bestselling strategy for January was the Source Bloomberg Commodity Ucits ETF, which accounted for net inflows of €0.8 billion.

This had somewhat better inflows than last month’s best-selling ETF, the iShares Core S&P 500 Ucits ETF which had €0.6 billion of net inflows.

This fund recently broke the record for assets under management in the European ETF market, having accrued over €20 billion in assets.

This was followed by the Vanguard S&P 500 Ucits ETF, with sales of €0.6 billion and iShares $ Corp Bond Ucits ETF, with €0.5 billion.

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