May 2021 marked the fourteenth consecutive month with inflows into European ETFs, according to Detlef Glow (pictured), Head of EMEA Research at Refinitiv Lipper.
“These inflows occurred in a positive but volatile market environment in which investor sentiment was still impacted by the dynamics of the Covid-19 pandemic and the resulting actions taken by central banks and governments in Europe and other parts of the world,” he says.
ETF promoters in Europe experienced estimated net inflows of EUR12.7 billion for May, and assets under management in the European ETF industry hit a new all-time high (EUR1,144.6 billion) at the end of May 2021, according to Refinitiv Lipper.
Equity ETFs (+EUR8.5 billion) posted the highest estimated net inflows in the European ETF industry for May and the best-selling Lipper global classification for May was Equity Global (+EUR2.5 billion), followed by Equity US (+EUR1.9 billion) and Equity Japan (+EUR0.9 billion).
iShares was the best-selling ETF promoter in Europe for May (+EUR5.2 billion), ahead of Xtrackers (+EUR2.0 billion) and Vanguard Group (+EUR1.2 billion), according to Refinitiv Lipper. The 10 best-selling funds gathered total net inflows of EUR5.1 billion for May. The best-selling ETF for May, UBS LFS MSCI Japan UCITS ETF (JPY) A-acc, accounted for net inflows of EUR0.9 billion.