European ETFs and ETPs reported net outflows of USD22.83bn at the end of March 2020
ETFs and ETPs listed in Europe reported net outflows of USD22.83 billion at the end of March, the largest monthly outflow for Europe, bringing year-to-date net outflows to USD1.63 billion.
Assets invested in the European ETFs/ETPs industry have decreased by 12.3 per cent, from USUSD997.31 billion at the end of February, to USUSD874.87 billion, according to ETFGI's March 2020 European ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service.
April 2020 marks the 20th anniversary of the listing of the first ETFs to be listed in Europe. The LDRS DJ STOXX 50 and LDRS DJ EUROSTOXX 50 sponsored by Merrill Lynch were listed on 11 April 2000 on the Deutsche Borse, closely followed by the listing of the iShares FTSE 100 ETF on the London Stock Exchange on April 28, 2000. The LDRS ‘leaders’ were acquired by Barclays Global Investors from Merrill Lynch in September 2003 and their names were changed to iShares DJ STOXX 50 and iShares DJ EUROSTOXX 50.
“At the end of March, the S&P 500 was down 12.35 per cent as the pandemic (Covid-19) forced US government to take strict measures and set some form of lockdown around the states reinforcing the fear for deep recession and high unemployment," according to Deborah Fuhr, managing partner, founder and owner of ETFGI. "Outside the US, the S&P Developed ex-US BMI plummeted nearly 14.29 per cent. The S&P Emerging BMI dove 16.97 per cent during the month and Global equities as measured by the S&P Global BMI plunged 14.32 per cent as well.”