Record USD1.33tn invested in ETFs and ETPs listed in Europe at the end of February 2021, says ETFGI
ETFGI, a specialist independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, has reported that assets invested in the European ETFs/ETPs industry have increased by 2.3 per cent, from USD1.30 trillion at the end of January, to USD1.33 trillion.
ETGI4s February 2021 ‘European ETFs and ETPs industry landscape insights report’ also showed that ETFs and ETPs listed in Europe reported net inflows of USD22.15 billion during February, bringing year-to-date net inflows to a record USD42.66 billion.
“Despite a sell-off in the last week of the month, the S&P 500 gained of 2.76 per cent in February, driven by optimism on Covid-19 vaccines, as well as continued monetary and fiscal stimulus. Developed markets such as the US ended the month up 2.50 per cent while emerging markets were up by 1.50 per cent for the month. The leaders of the developed market in February were Hong Kong (6.03 per cent), Canada (5.66 per cent) and Spain (5.32 per cent),” says Deborah Fuhr, managing partner, founder, and owner of ETFGI.
The European ETF/ETP industry had 2,323 ETFs and ETPs, with 8,961 listings, assets of USD1.33 trillion, from 81 providers listed on 29 exchanges in 24 countries at the end of February.
Equity ETFs/ETPs listed in Europe reported net inflows of USD19.29 billion during February, bringing net inflows for the year 2021 to USD35.22 billion, much higher than the USD9.16 billion in net inflows gathered YTD in 2020. Fixed income ETFs/ETPs listed in Europe had net inflows of USD1.61 billion during February, taking net inflows for the year to USD3.71 billion, which is lower than the USD7.49 billion in net inflows gathered at this point in 2020. Commodity ETFs/ETPs reported USD505 million in net inflows bringing net inflows to USD2.87 billion for 2021, which is lower than the USD4.30 billion gathered at this point in 2020.
Actively managed products saw net inflows of USD109 million in February, bringing year to date net outflows to USD25 million, which is less than the net inflows of USD41 million over the same period last year.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered USD14.87 billion during February. SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF - Acc (SPPU GY) gathered USD5.54 billion.
The top 10 ETPs by net new assets collectively gathered USD779 million during February. BTCetc - Bitcoin ETP - Acc (BTCE GY) gathered USD421 million alone.