Exchange-traded funds (ETFs) domiciled in Europe have enjoyed strong inflows in the first five months of this year, according to a report from Cerulli Associates.
The July 2014 issue of The Cerulli Edge – European Monthly Product Trends reveals that May inflows of EUR4.2 billion brought the year-to-date figure to EUR17.6 billion, which is more than the EUR16.5 billion seen during the whole of 2013.
Passive inflows were led by equity funds with EUR3.2 billion, followed by bond funds with EUR2.0 billion.
Ireland-domiciled ETFs were the bestselling funds, attracting net inflows of EUR2.3 billion in May, which was more than one-half of the total inflows into ETFs.
