Refinitiv Lipper data reveals that ETF promoters in Europe enjoyed estimated net inflows (+EUR5.5 billion) for December 2022.
The firm writes that assets under management in the European ETF industry decreased over the course of December to EUR1,242.5 billion, with equity ETFs (+EUR4.0 billion) posting the highest estimated net inflows in the European ETF industry for December.
The best-selling Lipper global classification for December was Equity Global(+EUR2.7 billion), followed by Equity Emerging Markets Global (+EUR1.3 billion) and Bond USD Government Short Term (+EUR0.7 billion).
iShares was the best-selling ETF promoter in Europe for December (+EUR3.2 billion), ahead of Vanguard (+EUR1.1 billion) and JPMorgan (+EUR0.4 billion).
The 10 best-selling funds gathered estimated net inflows of EUR4.8 billion for December. The best-selling ETF for December, iShares Core MSCI World UCITS ETF USD (Acc), enjoyed estimated net inflows of EUR1.0 billion.
Detlef Glow, Head of EMEA Research at Refinitiv Lipper, comments: “The European ETF industry enjoyed inflows over the course of December 2022. These inflows occurred in a volatile market environment. The market sentiment is driven by concerns about high inflation rates, increasing interest rates, the late effects from the market turmoil in UK government bonds, geopolitical tensions, and disrupted delivery chains caused by the still ongoing COVID-19 pandemic.”