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European equity ETFs see assets of over EUR1 trillion: LSEG Lipper

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LSEG Lipper reports that assets under management for European equity ETFs have passed EUR1 trillion mark for first time. 

ETF promoters in Europe enjoyed estimated net inflows (+EUR11.5 billion) for June 2023, the firm says. Assets under management in the European ETF industry increased over the course of June to EUR1,407.7 billion, while equity ETFs (+EUR6.2 billion) posted the highest estimated net inflows in the European ETF industry for June.

The best-selling Lipper global classification for June was once again Equity Global (+EUR4.5 billion), the firm writes, followed by Equity US (+EUR2.8 billion) and Bond EUR Corporates(+EUR1.4 billion).

iShares was the best-selling ETF promoter in Europe for June (+EUR6.3 billion), ahead of Vanguard (+EUR1.8 billion) and Xtrackers (+EUR1.4 billion).

The 10 best-selling funds gathered estimated net inflows of EUR6.7 billion for June.

The best-selling ETF for April was iShares Core EUR Corp Bond UCITS ETF EUR D, which enjoyed estimated net inflows of EUR1.3 billion.

Detlef Glow, Head of EMEA Research at LSEG Lipper, comments: “The European ETF industry enjoyed inflows over the course of June 2023. These inflows occurred in a somewhat unstable but positive market environment in which some asset classes showed positive results. Meanwhile, others performed negatively over the course of the month. The market sentiment was still driven by hopes that central banks, especially the U.S. Federal Reserve, may have reached the last phase of their fight against the high and further increasing inflation rates and may, therefore, start to keep interest rates at least stable quite soon.

“Some investors already expect that there might be room for decreasing interest rates later this year. Nevertheless, there are still some concerns about geopolitical tensions, and the normalization of the disrupted delivery chains, as well as a still possible recession in the U.S. and other major economies around the globe. These fears are raised by inverted yield curves which are seen as an early indicator for a possible recession.”

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