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European ETFs see net inflows of EUR2.9bn in June


European ETFs attracted net inflows EUR2.9 billion in June, which, in combination with a positive performance of the underlying markets (EUR22.5 billion), led to an increase in assets under management of EUR25.4 billion to EUR746.7 billion (up from EUR721.4 billion as of 31 May, 2019).

Detlef Glow, Lipper’s head of EMEA research at Refinitiv, and the author of this report, says: “With regard to the overall number of products, it was not surprising equity funds (EUR510.8 billion) held the majority of the assets, followed by bond funds (EUR203.9 billion), commodity products (EUR19.3 billion), alternative UCITS products (EUR6.4 billion), money market funds (EUR4.5 billion), mixed-asset funds (EUR1.8 billion), and “other” funds (EUR0.2 billion). 

“It is noteworthy that the shift in assets under management from “other” ETFs towards alternative UCITS ETFs has been caused by the launch of an extended Lipper Global Classification scheme and not by the transactions of investors.”

According to the report, Bond ETFs (+EUR6.0 billion) posted the highest net inflows in the European ETF industry for June., while the best-selling Lipper global classification for June was Bond EUR Corporates (+EUR1.9 billion), followed by Bond EUR High Yield (+EUR1.0 billion) and Money Market EUR (+EUR0.9 billion). 

iShares was the best-selling ETF promoter in Europe for June (+EUR4.5 billion), well ahead of SPDR (+EUR0.8 billion) and Vanguard Group (+EUR0.5 billion). 

The 10 best-selling funds gathered total net inflows of EUR6.0 billion for the month, while the best-selling ETF for June, iShares Core EUR Corp Bond UCITS ETF EUR (Dist), accounted for net inflows of EUR1.8 billion, or 60.84 per cent, of the overall net inflows. 

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