Saudi Arabia ETFs star in ETF inflows for May
The May 2019 European ETF Market Report from the Lipper team at Refinitiv reports that the promoters of ETFs enjoyed net inflows of EUR2.3 billion for May.
Detlef Glow (pictured), Lipper’s head of EMEA research at Refinitiv, writes that the assets under management in the European ETF industry (EUR721.6 billion) decreased during May, down from EUR746.7 billion as of April 30, 2019.
Bond ETFs (+EUR1.0 billion) posted the highest net inflows in the European ETF industry for May, while the best-selling Lipper global classification for May was Equity US (+EUR1.7 billion), followed by Equity Saudi Arabia (+EUR1.6 billion) and Equity Japan (+EUR0.9 billion).
Invesco was the best-selling ETF promoter in Europe for May (+EUR1.9 billion), well ahead of Amundi ETF (+EUR1.0 billion) and UBS ETF (+EUR0.5 billion), according to Glow.
The 10 best-selling funds gathered total net inflows of EUR4.4 billion for May, while the best-selling ETF for May, Invesco MSCI Saudi Arabia UCITS ETF, accounted for net inflows of EUR0.8 billion, or 36.52 per cent, of the overall net inflows.