The latest European ETF Market Review from Thomson Reuters Lipper shows that assets under management in the ETF industry recovered during April— from EUR437.3 billion in March to EUR445.4 billion.
According to Detlef Glow, Head of EMEA research at Lipper, this increase of EUR8.1 billion was mainly driven by the performance of the underlying markets (+EUR4.8 billion), while net sales contributed a positive EUR3.3 billion to the overall growth in assets under management in the ETF segment.
The data shows that bond funds (+EUR3.7 billion) enjoyed the highest net inflows for April, while Equity US (+EUR1.9 billion), Bond EUR Corporates (+EUR1.4 billion), and Equity Emerging Markets Global (+EUR1.3 billion) were the best selling Lipper global classifications for April.
iShares (+EUR2.7 billion), Amundi ETF (+EUR0.5 billion), and UBS ETF (+EUR0.4 billion) were the best selling ETF promoters in Europe for April, according to the Lipper data and the ten best selling funds gathered total net inflows of EUR4.1 billion for April. iShares Core S&P 500 UCITS ETF, accounting for net inflows of EUR0.9 billion or 25.9 per cent of the total net inflows, was the best-selling individual ETF for April.