Latest figures on the European ETF industry from Thomson Reuters Lipper show that assets under management have increased from EUR452.8 billion in June to a new all-time high of EUR473.6 billion at the end of July.
According to Detlef Glow, head of EMERA research at Lipper, the increase in European ETF assets was from EUR452.8 billion in June to a new all-time high of EUR473.6 billion at the end of July. He writes that the increase of EUR20.8 billion for July was mainly driven by the performance of the underlying markets (+EUR12.8 billion), while net sales contributed EUR8.0 billion to the overall growth in assets under management in the ETF segment.
Bond ETFs, with a rise of EUR5.0 billion saw the highest net inflows for July and Equity US (+EUR1.5 billion), followed by Equity Emerging Markets Global (+EUR1.3 billion) and Equity Global (+EUR1.0 billion) were the best-selling Lipper global classifications for July.
iShares (+EUR7.2 billion), State Street SPDR (+EUR1.0 billion) and Vanguard (+EUR0.5 billion), were the best-selling ETF promoters in Europe for July, according to Lipper, while the ten best-selling funds gathered total net inflows of EUR4.6 billion for July. iShares’ Diversified Commodity Swap (+ EUR0.7 billion), was the best-selling individual ETF for July.