Assets under management in the pan-European exchange-traded funds segment continued to grow over Q2 2010, gaining 1.79 per cent to EUR183.24bn, a surprising inflow because of movements on the global stock markets, a report by Lipper says.
The average monthly turnover in euros for Q2 2010 was up 31.40 per cent—from EUR39.11bn for Q1 2010 to EUR51.40bn for Q2—driven by a new all-time high in on-exchange turnover in May 2010.
Emerging market and mining (gold) equities were the best performing equity funds over Q2 2010.
Currency movements and a flight to quality were the main performance drivers in the bond segment.
The variety of exchange-traded funds was still rising; 78 ETFs were launched during Q2 2010.