ETFGI reported that ETFs and ETPs listed in Europe gathered US$9.90 billion in net inflows during February 2018, the lowest monthly amount since December 2017 when net inflows were US$1.77 billion…..
Deborah Fuhr, Managing Partner at ETFGI
Year-to-date net inflows for 2018 reached US$25.9 billion at the end of February. (All dollar values in USD unless otherwise noted.)
Net new assets gathered by ETFs/ETPs listed in Europe were $9.90 Bn, the lowest monthly net inflows since December, which saw $1.77 Bn
Due to market moves assets invested in ETFs/ETPs listed in Europe decreased by 2.84%, or $24.3 Bn, during February, to $832 Bn
February 2018 marked the 41st consecutive month of net inflows into ETFs/ETPs listed in Europe
According to ETFGI’s February 2018 European ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs/ETPs listed in in Europe decreased by $24.3 Bn during February 2018. The decrease of 2.84%, from $856 Bn at the end of January 2018 to $832 Bn at the end of February, also represents the lowest monthly growth in assets since January 2016, when assets decreased by 4.36% from $505 Bn to $483 Bn.
European ETF and ETP asset growth as at end of February 2018
February 2018 also marked the 41st consecutive month of net inflows into ETFs/ETPs listed in Europe. The $9.90 Bn gathered during the month was 20.1% less than net inflows during this month last year.
The majority of net new inflows can be attributed to the top 20 ETFs by net new assets, which collectively have gathered $12.2 Bn during 2018. The iShares STOXX Europe 600 UCITS ETF (DE) (SXXPIEX GY) on its own accounted for net inflows of $1.17 Bn.
Top 20 ETFs by net new assets: Global
Similarly, the top 10 ETPs by net new assets collectively gathered $1.05 Bn year-to-date during 2018.
Top 10 ETPs by net new assets: Global
Equity ETFs/ETPs listed in Europe gathered net inflows of $7.14 Bn during February, bringing net inflows for 2018 to $21.1 Bn, which is greater than the $14.6 Bn in net inflows at this point last year. Fixed income ETFs and ETPs gathered net inflows of $2.11 Bn, growing net inflows for 2018 to $3.84 Bn, which is less than the $4.83 Bn in net inflows at this point last year.
Investors have tended to invest in core, market cap and lower cost ETFs in February 2018, with the iShares STOXX Europe 600 UCITS ETF (DE) (SXXPIEX GY) and iShares EURO STOXX 50 UCITS ETF (DE) (SX5EEX GY) capturing most of the flows.