Detlef Glow (pictured), Head of EMEA research at Thomson Reuters Lipper reports that over January ETF net inflows, in spite of negative market impacts, led to increased assets under management in the European ETF industry (EUR523.9 billion) for January, up from EUR514.8 billion at the end of December.
Equity ETFs (+EUR7.1 billion) posted for January their fourth consecutive month of having the highest net inflows in the European ETF industry, while the best selling Lipper global classification for January was Equity US (+EUR2.6 billion), followed by Equity Global (+EUR2.0 billion) and Equity Europe (+EUR1.2 billion).
iShares, with net sales of EUR2.5 billion, was the best selling ETF promoter in Europe, followed by UBS ETF (+EUR0.9 billion) and SPDR (State Street) (+EUR0.9 billion). The 10 best selling funds gathered total net inflows of EUR4.1 billion for January.
The best selling ETF for January, Source Bloomberg Commodity UCITS ETF A USD, accounted for net inflows of EUR0.8 billion or 7.58 per cent of the overall net inflows.