The latest European ETF Market Review from Thomson Reuters Lipper shows that assets under management in the European ETF industry increased from EUR473.5 billion for July to a new all-time high of EUR480.5 billion at the end of August.
Detlef Glow (pictured), Head of EMEA research at Thomson Reuters Lipper and author of this report finds that the increase of EUR7.0 billion for August was mainly driven by new sales (+EUR4.7 billion), while the performance of the underlying markets contributed EUR2.3 billion to the overall growth in assets under management in the ETF segment.
Bond ETFs posted the highest net inflows for August with inflows of EUR2.9 billion and the best-selling Lipper global classification for August was Equity Emerging Markets Global (+EUR1.3 billion), followed by Equity US (+EUR0.8 billion) and Bond USD Corporates (+EUR0.5 billion).
iShares, with net sales of EUR2.2 billion, maintained its position as the best-selling ETF promoter in Europe, followed by UBS ETF (+EUR1.2 billion) and Amundi ETF (+EUR0.5 billion). The ten best-selling funds gathered total net inflows of EUR3.5 billion for August. UBS ETF – MSCI EMU UCITS ETF (EUR) A-acc (+ EUR0.6 billion), was the best-selling individual ETF for August.