Lipper figures show European ETFs bouncing back in April


The April European ETF report from the Lipper team at Refinitiv shows that the promoters of ETFs in Europe experienced net inflows of EUR8.7 billion for April, with the assets under management in the European ETF industry (EUR777.9 billion) increasing over the month as markets bounced back from their lows.

Bond ETFs (+EUR8.1 billion) posted the highest net inflows in the European ETF industry for April. The best-selling Lipper global classification for April was Bond EUR Corporates (+EUR3.3 billion), followed by Bond Global Corporates USD (+EUR2.3 billion) and Bond USD Corporates (+EUR1.3 billion).

iShares was the best-selling ETF promoter in Europe for April (+EUR6.7 billion), ahead of Xtrackers (+EUR2.1 billion) and Lyxor ETF (+EUR0.4 billion). The 10 best-selling funds gathered total net inflows of EUR7.5 billion for April.

The best-selling ETF for April, iShares Core EUR Corp Bond UCITS ETF EUR (Dist), accounted for net inflows of EUR2.0 billion.

Detlef Glow, Lipper Head of EMEA Research at Refinitiv, says: “After the markets bounced back from the trough caused by the global lockdown during the coronavirus pandemic, April was another positive month for the European ETF industry since ETF promoters enjoyed inflows.

“The combination of above average inflows and the positive performance of underlying markets led to an increase in assets under management from EUR719.1 billion as of 31 March, 2020, to EUR777.9 billion at the end of April. The increase of EUR58.8 billion for April was driven by the performance of the underlying markets (+EUR50.1 billion), while the net inflows contributed EUR8.7 billion to the increase in assets.”

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Beverly Chandler
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