ETF data provider ETFGI reports that assets invested in ETFs/ETPs listed in Europe have increased 28.3 per cent in the first eight months of the year to reach a new record of USD734 billion at the end of August.
The European ETF/ETP industry had 2,285 ETFs/ETPs, with 7,215 listings, assets of USD734 billion, from 60 providers on 27 exchanges in 21 countries.
ETFs and ETPs listed in Europe gathered USD4.25 billion in net inflows in August marking 35 consecutive months of net inflows and a record level of USD78.26 billion in year to date net inflows, which is more than the USD39.90 billion in net inflows at this point last year and USD22.57 billion more than the USD55.69 billion net inflows gathered over the whole of 2016.
Equity ETFs/ETPs gathered a level of USD1.63 billion in net inflows in August, bringing year to date net inflows to a record level of USD44.73 billion, which is much greater than the net inflows of USD875 million over the same period last year and more than the USD17.98 billion gathered over the whole of 2016.
Fixed income ETFs and ETPs have gathered a level of USD2.32 billion in net inflows in August, growing year to date net inflows to a level of USD22.12 billion, which is less than the same period last year which saw net inflows of USD25.64 billion.
Commodity ETFs/ETPs saw net outflows of USD108 million in August. Year to date, net inflows are at USD7.65 billion, which is significantly less than the net inflows of USD11.46 billion gathered over the same period last year.
iShares gathered the largest net ETF/ETP inflows in August with USD2.55 billion, followed by Vanguard with USD487 million and SPDR ETFs with USD437 million net inflows.
YTD, iShares gathered the largest net ETF/ETP inflows with USD26.62 billion, followed by UBS ETFs with USD9.61 billion and Lyxor AM with USD8.78 billion net inflows.