The April European ETF Market Review from Thomson Reuters Lipper finds that net inflows, in combination with positive market impacts, led to increased assets under management in the European ETF industry, at EUR570.6 billion, up from EUR565.1 billion at the end of March.
Detlef Glow (pictured), Head of EMEA research at Thomson Reuters Lipper writes that equity ETFs (+EUR2.3 billion) posted for April their seventh consecutive month of having the highest net inflows in the European ETF industry.
The best selling Lipper global classification for March was Equity Eurozone (+EUR1.6 billion), followed by Bond USD Corporates (+EUR1.0 billion) and Equity Emerging Markets Global (+EUR0.8 billion).
Amundi ETF, with net sales of EUR1.6 billion, was the best selling ETF promoter in Europe for April, followed by UBS ETF (+EUR1.1 billion) and Lyxor ETF (+EUR0.8 billion). The 10 best selling funds gathered total net inflows of EUR3.7 billion for April.
The best selling ETF for April, iShares EURO STOXX 50 (DE), accounted for net inflows of EUR0.7 billion or 17.1 per cent of the overall net inflows.