Detlef Glow, (pictured), head of EMEA research at Thomson Reuters Lipper, reports that 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 (EUR496.1 billion) for November, up from EUR483.8 billion at the end of October.
The increase of EUR12.3 billion for November was mainly driven by the performance of markets (+EUR7.5 billion), while net sales contributed EUR4.8 billion to the assets under management in the ETF segment, according to Glow.
Equity ETFs (+EUR8.2 billion) posted the highest net inflows for November and the best-selling Lipper global classification for November was Equity US (+EUR2.6 billion), followed by Equity Global (+EUR2.0 billion) and Equity Europe (+EUR1.2 billion).
BNP Paribas, with net sales of EUR1.4 billion, was the best-selling ETF promoter in Europe, followed by Source (+EUR0.9 billion) and Vanguard Group (+EUR0.8 billion). The 10 best-selling funds gathered total net inflows of EUR4.2 billion for November, and iShares Core S&P 500 UCITS ETF USD (Acc) (+EUR0.7 billion), was the best-selling individual ETF for November.