“November 2023 was another month with strong inflows into ETFs. Overall, the inflows for the year so far look like the European ETF industry will least witness the second-best year in history, but there is also a small chance that we may witness the year with the highest inflows in ETFs in history,” says Detlef Glow, Head of Lipper EMEA Research at LSEG. “The success of ETFs is not reflected in the overall fund industry, as active managed mutual funds witness high outflows, and the gap is set to increase further.”
Key findings:
ETF promoters in Europe enjoyed estimated net inflows (+EUR17.8 billion) for November 2023.
Assets under management in the European ETF industry increased over the course of November to EUR1,501.5 billion.
Equity ETFs (+EUR11.9 billion) posted the highest estimated net inflows in the European ETF industry for November.
The best-selling Lipper global classification for November was Equity U.S. (+EUR5.7 billion), followed by Equity Global (+EUR5.4 billion) and Bond EUR Corporates (+EUR2.9 billion).
iShares was the best-selling ETF promoter in Europe for November (+EUR8.6 billion), ahead of Amundi ETF (+EUR2.1 billion) and Vanguard (+EUR1.8 billion).
The 10 best-selling ETFs gathered estimated net inflows of EUR8.5 billion for November.
The best-selling ETF for November, iShares Core EUR Corp Bond UCITS ETF EUR D, enjoyed estimated net inflows EUR2.4 billion.
