ETFGI reports Assets in European ETFs and ETPs reach record USD1.08tn at the end of July 2020

Assets in ETFs/ETPs listed in Europe reached a new record of USD1.08 trillion at the end of July. ETFs and ETPs listed in Europe reported net inflows of USD17.47 billion during July, bringing year-to-date net inflows to USD50.14 billion which is less than the USD62.65 billion gathered at this point last year.  

Assets invested in the European ETFs/ETPs industry have increased by 7.7 per cent, from USD1.01 billion at the end of June, to USD1.08 trillion, according to ETFGI's July 2020 European ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. 

“The S&P 500 gained 5.6 per cent in July, aided by the US Federal Reserve stimulus and strong earnings," says Deborah Fuhr, managing partner, founder and owner of ETFGI. "International markets also gained, with Developed Ex-US and Emerging up 3.0 per cent and 8.5 per cent, respectively. In the developed markets Scandinavian countries benefited most, led by Norway (up 10.8 per cent) and Sweden (up 10.1 per cent); while Japan (down 2.0 per cent) was the sole negative performer among developed countries. Dollar weakness contributed toward the positive momentum in Emerging markets where 19 of 25 countries gained, led by Brazil (up 14.4 per cent) and Pakistan (up 13.4 per cent), while Taiwan (up 12.1 per cent) neared an all-time high.” 

At the end of July 2020, the European ETF/ETP industry had 2,298 ETFs, with 8,662 listings, assets of USD1.08 trillion, from 68 providers listed on 28 exchanges in 23 countries.

Equity ETFs/ETPs listed in Europe reported net inflows of USD9.47 billion during July, bringing net inflows for the year 2020 to USD7.67 billion, lower than the USD16.53 billion in net inflows at this point in 2019. Fixed Income ETFs/ETPs listed in Europe had net inflows of USD5.26 billion during July, bringing net inflows for the year to USD25.76 billion, lower than the USD38.28 billion in net inflows at this point in 2019. Commodity ETFs/ETPs gathered USD1.59 million in net inflows bringing net inflows to USD16.75 billion for 2020, which is much higher than the USD4.90 billion in net inflows gathered year to date at this point in 2019.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered USD9.46 billion during July. The iShares Core € Corp Bond UCITS ETF (IEBC LN) gathered USD808 million alone.

The top 10 ETPs by net new assets collectively gathered USD2.49 billion during July. The Invesco Physical Gold ETC - Acc (SGLD LN) gathered USD696 billion alone.

Investors have tended to invest in Equity ETFs and ETPs during July.