Lipper figures show May ETF inflows bouncing back

Flows

Refinitiv reports that its Lipper data reveals that the promoters of ETFs in Europe experienced net inflows of EUR5.3 billion for May, bringing the total up to EUR798.7 billion, as markets bounced back from their lows.

The firm found that bond ETFs (+EUR6.4 billion) posted the highest net inflows in the European ETF industry for May, and the best-selling Lipper global classification for May was Bond EUR Corporates (+EUR1.4 billion), followed by Bond USD High Yield (+EUR1.0 billion) and Bond Emerging Markets Global HC (+EUR0.7 billion).

iShares was the best-selling ETF promoter in Europe for May (+EUR4.0 billion), ahead of JP Morgan (+EUR0.6 billion) and UBS ETF (+EUR0.4 billion). The 10 best-selling funds gathered total net inflows of EUR3.4 billion for May, and the best-selling ETF for May, iShares $ HY Corp Bond UCITS ETF USD Dist, accounted for net inflows of EUR0.5 billion.

Detlef Glow, Lipper Head of EMEA Research at Refinitiv, says: “As the security markets further recovered from the lockdown-induced downturn caused by the onset of the coronavirus pandemic, May was another positive month for the European ETF industry, with ETF promoters enjoying inflows.

“The combination of below average inflows and the positive performance of underlying markets led to an increase in assets under management from EUR777.9 billion as of April 30, 2020, to EUR798.7 billion at the end of May. The increase of EUR20.8 billion for May was driven by the performance of the underlying markets (+EUR15.5 billion), while the net inflows contributed EUR5.3 billion to the increase in assets.”

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