Refinitiv: The promoters of ETFs in Europe enjoyed net inflows for April. These inflows led, in combination with a positive performance of the underlying markets, to increased assets under management in the European ETF industry….
By Detlef Glow, Lipper’s head of EMEA research at Refinitiv
In more detail, the assets under management in the European ETF industry increased from €725.2 bn as of March 31, 2019, to €746.7 bn at the end of April.
The increase of €21.5 bn for April was driven by the performance of the underlying markets (+€17.8 bn), while net sales contributed inflows of €3.7 bn to assets under management in the European ETF segment.
With regard to the overall number of products, it was not surprising equity funds (€521.2 bn) held the majority of the assets, followed by bond funds (€195.4 bn), commodity products (€18.6 bn), “other” funds (€5.5 bn), money market funds (€3.7 bn), mixed-asset funds (€1.7 bn), and alternative UCITS products (€0.6 bn).