European ETFs gather net inflows of EUR13.7bn in June

European ETFs gathered net inflows of EUR13.7 billion in June, with total assets increasing to reach EUR830.0 billion, according to the latest Lipper European ETF Market Report.

Bond ETFs (+EUR8.5 billion) posted the highest net inflows in the European ETF industry for June. The best-selling Lipper global classification for June, meanwhile was Equity Global (+EUR2.3 billion), followed by Equity US (+EUR1.4 billion) and Bond Global Corporates USD (+EUR1.3 billion).

iShares was the best-selling ETF promoter in Europe for June (+EUR7.0 billion), ahead of Xtrackers (+EUR2.0 billionn) and UBS ETF (+EUR1.4 billion).

The 10 best-selling funds gathered total net inflows of EUR4.9 billion for June, while The best-selling ETF for the month was UBS ETFs plc-MSCI ACWI SF UCITS ETF (USD)A-a, which accounted for net inflows of EUR0.9 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, June was another positive month for the European ETF industry. ETF promoters enjoyed inflows during the month.
“The combination of above average inflows and the positive performance of underlying markets led to an increase in assets under management from EUR798.5 billion as of 31 May, 2020, to EUR830.0 billion at the end of June. The increase of EUR31.5 billion for June was driven by the performance of the underlying markets (+EUR17.8 billion), while the net inflows contributed EUR13.7 billion to the increase in assets.”