Refinitiv : European ETF Market in January 2020

Refinitiv: It was another positive month for the European ETF industry as European ETF promoters enjoyed above average inflows in January. …

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By Detlef Glow, Lipper’s head of EMEA research at Refinitiv

These led, in combination with the positive performance of the underlying markets, to an increase in assets under management from €869.8 bn as of December 31, 2019, to a new record high of €883.1 bn at the end of January

The increase of €13.3 bn for January was driven by net inflows (+€12.1 bn), while the performance of the underlying markets contributed €1.2 bn to the increase in assets.

It was not surprising equity funds (€604.6 bn) held the majority of assets, followed by bond funds (€244.3 bn), commodity products (€23.3 bn), alternative UCITS products (€6.2 bn), money market funds (€3.0 bn), mixed-assets funds (€1.6 bn), and “other” funds (€0.1 bn).

Graph 1: Market Share, Assets Under Management in the European ETF Segment by Asset Type, January 31, 2020

Review of the European ETF Industry, January 2020

Source: Refinitiv Lipper

Fund Flows by Asset Type

The European ETF industry enjoyed estimated net inflows for January (+€12.1 bn) which were way above the rolling 12-month average.

They brought that average up to €9.7 bn from €8.7 bn in December 2019.

The inflows in ETFs were driven by equity funds (+€7.0 bn), followed by bond ETFs (+€4.9 bn), commodity ETFs (+€0.7 bn), and mixed-assets ETFs (+€0.1 bn).

On the other side of the spectrum, money market ETFs (-€0.4 bn) faced the highest estimated outflows for the month, bettered by alternative UCITS ETFs (-€0.1 bn) and “other” ETFs (+€0.01 bn).

This flow pattern drove the estimated overall net flows to €12.1 bn for the month

Source: ETFWorld

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