The latest European ETF Market Review from Thomson Reuters Lipper shows that positive market impacts in combination with net inflows led to increased assets under management in the European ETF industry in October.
According to Detlef Glow, head of EMEA research at Thomson Reuters Lipper, assets were up from EUR479.6 billion in September to EUR483.8 billion for October. Glow writes that the increase of EUR4.2 billion for October was mainly driven by net sales (+EUR3.0 billion), while market performance contributed EUR1.2 billion to the assets under management in the ETF segment.
Equity ETFs (+EUR2.4 billion) posted the highest net inflows for October, while the best-selling Lipper global classification for October was Bond EUR Corporates (+EUR0.8 billion), followed by Equity Emerging Markets Global (+EUR0.7 billion) and Equity Sector Financials (+EUR0.6 billion).
iShares, with net sales of EUR2.5 billion, maintained its position as the best-selling ETF promoter in Europe, followed by Lyxor ETF (+EUR0.9 billion) and Amundi ETF (+EUR0.9 billion). The 10 best-selling funds gathered total net inflows of EUR3.4 billion for October and UBS (Irl) ETF plc – MSCI USA UCITS ETF (USD) A-acc (+EUR0.6 billion), was the best-selling individual ETF for October.