Refinitiv ETF figures show net inflows into European ETFs in September

Flows

Lipper figures from Refinitiv show that ETF promoters in Europe experienced net inflows of EUR5.9 billion for September, but assets under management in the European ETF industry (EUR870.9 billion) decreased over the month. 

Detlef Glow, Lipper Head of EMEA Research at Refinitiv, says: “September was another positive month for the European ETF industry since promoters enjoyed inflows as economies and securities markets stabilised further after the coronavirus lockdown-induced economic downturn. 

“The negative performance of the underlying markets led to decreasing assets under management (from EUR877.1 billion as of August 31, 2020, to EUR870.9 billion at the end of September) despite net inflows. This means the decrease of EUR6.2 billion for September was driven by the performance of the underlying markets (-EUR12.1 billion), while net sales contributed inflows of EUR5.9 billion to assets under management.”

Equity ETFs (+EUR6.9 billion) posted the highest net inflows in the European ETF industry for September. The best-selling Lipper global classification for September was Equity US (+EUR3.6 billion), followed by Equity Global (+EUR1.3 billion) and Bond CNY (+EUR1.0 billion). 

UBS ETF was the best-selling ETF promoter in Europe for September (+EUR1.4 billion), ahead of Xtrackers (+EUR1.1 billion) and iShares (+EUR1.0 billion). 

The 10 best-selling funds gathered total net inflows of EUR4.5 billion for September, according to Refinitiv. The best-selling ETF for September, iShares China CNY Bond UCITS ETF USD Dist, accounted for net inflows of EUR0.8 billion. 

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