The latest European ETF Market Review from Thomson Reuters Lipper shows that despite the increased volatility prior to the “Brexit” voting in the United Kingdom, the promoters of exchange-traded funds enjoyed net inflows for June…
Nevertheless, the assets under management in the European ETF industry declined during June to €453.6 bn, compared to €455.5 bn in May.
Additional highlights below:
Assets under management in the European exchange-traded fund industry declined during June compared to May (€455.5 bn to €453.6 bn).
The decrease of €1.9 bn for June was mainly driven by the performance of the underlying markets (-€5.2 bn), while net sales contributed a positive €3.3 bn to the overall growth in assets under management in the ETF segment.
Equity funds (+€1.6 bn) enjoyed the highest net inflows for June.
Equity US (+€0.9 bn) followed by Equity Global (+€0.9 bn) and Bond EUR Corporates (+€0.8 bn) were the best selling Lipper global classifications for June.
iShares (+€1.5 bn), Vanguard (+€0.7 bn), and Lyxor ETF (+€0.6 bn) were the best selling ETF promoters in Europe for June.
The ten best selling funds gathered total net inflows of €2.8 bn for June.
iShares Core S&P 500 UCITS ETF, accounting for net inflows of €0.5 bn or 14.3% of the total net inflows, was the best selling individual ETF for June.
Source: ETFWorld.co.uk
