Refinitiv reveals new all-time high in European ETF inflows in January

Flows

The monthly European ETF market report from the Lipper team at Refinitiv reveals that the promoters of ETFs in Europe saw net inflows of EUR12.1 billion for January. The firm writes that the assets under management in the European ETF industry (EUR883.1 billion) increased during January to a new all-time high.

Equity ETFs (+EUR7.0 billion) posted the highest net inflows in the European ETF industry for January. The best-selling Lipper global classification for January was Equity Global (+EUR3.3 billion), followed by Equity Emerging Markets Global (+EUR1.1 billion) and Bond Emerging Markets Global in Hard Currencies (+EUR0.9 billion). 

iShares was the best-selling ETF promoter in Europe for January (+EUR5.2 billion), ahead of Xtrackers (+EUR1.3 billion) and UBS ETF (+EUR1.3 billion). The 10 best-selling funds gathered total net inflows of EUR3.6 billion for January. The best-selling ETF for January, iShares JP Morgan $ EM Bond UCITS ETF USD (Dist), accounted for net inflows of EUR0.5 billion. 

Detlef Glow, Lipper Head of EMEA Research at Refinitiv, says: “It was another positive month for the European ETF industry as European ETF promoters enjoyed above average inflows in January. These led, in combination with the positive performance of the underlying markets, to an increase in assets under management from EUR869.8 billion as of December 31, 2019, to a new record high of EUR883.1 billion at the end of January. 

“The increase of EUR13.3 billion for January was driven by net inflows (+EUR12.1 billion), while the performance of the underlying markets contributed EUR1.2 billion to the increase in assets.”

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Beverly Chandler
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