Detlef Glow, head of EMEA research at Lipper, reports in the latest European ETF Market Review from Thomson Reuters Lipper, that assets under management in the European ETF industry increased from EUR444.3 billion to EUR457.4 billion during November.
The report also found that the EUR13.1 billion increase was driven mainly by the performance of the underlying markets (+EUR10.0 bn), while net sales contributed EUR3.1 billion to the overall assets under management in the ETF segment.
Highest net inflows in November stood at EUR2.2 billion for equity funds while Bond EUR Corporates (+EUR0.6 billion), Equity Global (+EUR0.6 billion), and Bond Europe High Yield (+EUR0.6 billion) were the best-selling Lipper global classifications for November.
The Lipper figures show that the best-selling ETF promoters in Europe for November were iShares, with a gain of EUR1.8 billion, Source (+EUR0.5 billion), and db x-trackers (+EUR0.4 billion). The ten best-selling funds gathered net inflows of EUR2.8 billion for November and iShares Euro High Yield Corporate Bond UCITS ETF (+EUR572 million) was the best-selling individual ETF for November, according to Lipper.
