Refinitiv reports EUR10.6 bn in inflows into European ETFs over October

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Refinitiv’s ETF team reports that ETF promoters in Europe experienced estimated net inflows of EUR10.6 billion for October. 

Assets under management in the European ETF industry stood at EUR1,276.3 billion at the end of October 2021, and equity ETFs (+EUR9.6 billion) posted the highest estimated net inflows in the European ETF industry for October. 

The best-selling Lipper global classification for October was Equity US (+EUR3.9 billion), followed by Equity Global (+EUR1.7 billion) and Equity Japan (+EUR1.0 billion). 

iShares was the best-selling ETF promoter in Europe for October (+EUR5.6 billion), ahead of UBS ETF (+EUR1.6 billion) and Amundi ETF (+EUR0.9 billion). 

The 10 best-selling funds gathered total net inflows of EUR5.5 billion for October, and the best-selling ETF for October, iShares Core S&P 500 UCITS ETF USD (Acc), accounted for net inflows of EUR1.5 billion. 

Detlef Glow, Head of EMEA Research at Refinitiv Lipper, says: “October 2021 marked the nineteenth 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 volatile but positive market environment in which investor sentiment was still impacted by the dynamics of the COVID-19 pandemic on the economies around the globe and the resulting actions taken by central banks and governments in Europe and other parts of the world.”

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