European ETF AUM at record high of EUR1,124bn in April

Detlef Glow, Refinitiv Lipper

European ETF promoters in Europe experienced estimated net inflows of EUR16.3 billion for April, according to Lipper data, with assets under management in the European ETF industry hitting a new all-time high (EUR1,124.0 billion) at the end of April 2021. 

Equity ETFs (+EUR10.0 billion) posted the highest estimated net inflows in the European ETF industry for April, and the best-selling Lipper global classification for April was Equity Global (+EUR3.4 billion), followed by Equity US (+EUR2.7 billion) and Bond USD High Yield (+EUR0.7 billion). 

iShares was the best-selling ETF promoter in Europe for April (+EUR9.7 billion), ahead of Vanguard Group (+EUR1.5 billion) and Xtrackers (+EUR1.1 billion), according to Lipper, and the 10 best-selling funds gathered total net inflows of EUR4.9 billion for April. 

The best-selling ETF for April, iShares Core MSCI World UCITS ETF USD, accounted for net inflows of EUR1.1 billion. 

Detlef Glow (pictured), Head of EMEA Research at Refinitiv Lipper, says: “April 2021 marked the thirteenth consecutive month with inflows into ETFs after the outflows caused by the outbreak of the Covid-19 pandemic in March 2020. These inflows occurred in a positive but volatile market environment in which investor sentiment was still impacted by the dynamics of the COVID-19 pandemic in Europe and other parts of the world. 

“The positive performance of the underlying markets led in combination with the estimated net inflows to increasing assets under management (from EUR1,095.2 billion as of March 31, 2021, to EUR1,124.0 billion at the end of April). The increase of EUR28.8 billion for April was driven by the estimated net sales (+EUR16.3 billion), while the performance of the underlying markets contributed EUR12.5 billion to the increase of the assets under management. It was not surprising equity funds (EUR798.0 billion) held the majority of assets, followed by bond funds (EUR276.6 billion), commodities products (EUR39.0 billion), alternative UCITS products (EUR5.8 billion), money market funds (EUR2.3 billion), mixed-assets funds (EUR2.3 billion), and ‘other’ funds (EUR0.1 billion).” 

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