ETF promoters in Europe see estimated net inflows of €13.5bn
10:51, 14 December 2021
November was the twentieth month in a row to see inflows into exchange-traded funds (ETFs) after the outflows caused by the outbreak of Covid-19 in March 2020, according to a Refinitiv market report.
In a press release sent to Capital.com, the report revealed that ETF promoters in Europe experienced estimated net inflows of €13.5bn ($15.3bn) last month.
Assets under management in the European ETF industry stood at €1.29trn at the end of November.
Moreover, equity ETFs posted the highest estimated net inflows in the European ETF industry for November – up by €8.5bn.
“The best-selling Lipper global classification for November was Equity Global (+€3.4bn), followed by Equity US (+€3.2bn) and Equity Emerging Markets Global (+€0.9bn),” the report said.
Best-selling ETF promoter
It also noted that iShares was the best-selling ETF promoter in Europe for November, ahead of UBS ETF and Amundi ETF. It said the 10 best-selling funds gathered total net inflows of €4.4bn last month.
Detlef Glow, head of EMEA research at Refinitiv Lipper, commented on the results.
“November 2021 marked the twentieth consecutive month with inflows into ETFs after the outflows caused by the outbreak of the Covid-19 pandemic in March 2020,” Glow said.
“These inflows occurred in a volatile but still somewhat positive market environment in which investor sentiment was still impacted by the dynamics of the Covid-19 pandemic on the economies around the globe and the resulting actions taken by central banks and governments in Europe and other parts of the world,” Glow added.
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