Refinitiv: The promoters of ETFs in Europe enjoyed net inflows for May. Despite these, the assets under management in the European ETF industry decreased due to the negative performance of the underlying markets…..
By Detlef Glow, Lipper’s head of EMEA research at Refinitiv
In more detail, the assets under management in the European ETF industry decreased from €746.7 bn as of April 30, 2019, to €721.6 bn at the end of May.
The decrease of €25.1 bn for May was driven by the performance of the underlying markets (-€27.4 bn), while net sales contributed inflows of €2.3 bn to assets under management in the European ETF segment.
With regard to the overall number of products, it was not surprising equity funds (€494.1 bn) held the majority of assets, followed by bond funds (€196.8 bn), commodity products (€18.5 bn), alternative UCITS products (€6.8 bn), money market funds (€3.6 bn), mixed-asset funds (€1.7 bn), and “other” funds (€0.1 bn).