The promoters of ETFs enjoyed net inflows (+€8.1 bn) for July…..
By Detlef Glow, Head of EMEA research at Thomson Reuters Lipper
– The assets under management in the European ETF industry (€582.2 bn) increased €4.6 bn for July, up from €577.6 bn at the end of June.
– Equity ETFs (+€5.4 bn) posted the highest net inflows of the European ETF industry for July.
– The bestselling Lipper global classification for July was Equity Eurozone (+€1.5 bn), followed closely by Equity Sector Financials (+€1.2 bn) and Commodity Precious Metals (+€0.7 bn).
– iShares was the bestselling ETF promoter in Europe for July (+€3.6 bn), far ahead of UBS ETF (+€1.6 bn) and Xtrackers (+€1.4 bn).
– The ten bestselling funds gathered total net inflows of €3.4 bn for July.
– The bestselling ETF for July, UBS ETF (CH) – Gold (USD) A-dis, accounted for net inflows of €0.7 bn or 8.15% of the overall net inflows.