ETFGI reported that assets invested in ETFs/ETPs listed in Europe reached a new record of $686bn at the end of first half of 2017.
At the end of June 2017, the European ETF/ETP industry had 2,286 ETFs/ETPs, with 7,227 listings, assets of $686bn, from 60 providers listed on 27 exchanges in 22 countries.
“Equity markets have performed well in the first half of 2017: the S&P 500 gained 9.34%, international equity markets outside the US were up 14.27% and emerging markets were up 16.69%. Political risks remain a focus for investors – the ability of the Trump administration to move forward on policy goals and hearings on Capitol Hill, Brexit negotiations, and North Korea is still an area of concern”, according to Deborah Fuhr, managing partner at ETFGI.
ETFs and ETPs listed in Europe gathered net inflows of $10.61bn in June marking the 34th month of consecutive net inflows. Year to date, net inflows stand at record level of $63.85bn which is significantly above the $22.57bn at this point last year and significantly above the $55.69bn gathered in all of 2016.
Equity ETFs/ETPs gathered net inflows of $4.58bn in June, bringing year to date net inflows to a record level of $36.85bn, which is significantly greater than the net outflows of $3.98bn over the same period last year.
Fixed income ETFs and ETPs experienced a record level of $4.64bn in net inflows in June, growing year to date net inflows to $17.05bn, which is slightly less than the same period last year which saw net inflows of $17.67bn. Commodity ETFs/ETPs accumulated net inflows of $672m in June. Year to date, net inflows are at $6.95bn, compared to net inflows of $7.53bn over the same period last year.
iShares gathered the largest net ETF/ETP inflows in June with $3.30bn, followed by Xtrackers with $1.44bn and Lyxor AM with $1.38bn net inflows.
YTD, iShares gathered the largest net ETF/ETP inflows YTD with $19.58bn, followed by Lyxor AM with $7.70bn and UBS ETFs with $7.50bn net inflows.