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European ETF, ETP assets back to over US$1 trillion
ETFGI says year-to-date net inflows reach US$32.65 billion at end of June
29 Jul 2020 | The Asset

Exchange traded funds (ETF) and exchange traded products (ETP) listed in Europe saw net inflows of US$11.38 billion in June, bringing year-to-date net inflows to US$32.65 billion which is below the US$44.12 billion gathered during the same period in 2019, independent research and consultancy firm ETFGI reports.

Assets invested in the European ETFs/ETPs industry rose by 4%, from US$968.88 billion at the end of May, to US$1.01 trillion, the third highest level on record, ETFGI says in the report. Commodity ETFs/ETPs attracted net inflows of US$15.16 billion YTD, much higher than the US$3.13 billion during the same period last year.

At the end of June, the European ETF/ETP industry had 2,264 ETFs/ETPs, with 8,638 listings from 69 providers listed on 28 exchanges in 23 countries.

Deborah Fuhr, managing partner, founder and owner of ETFGI, says US equities staged a recovery in the second quarter, noting that while Covid-19 cases in the US are still increasing, the stimulus from the Federal Reserve and Congress aided the market rebound. Developed markets outside the US were up 3.44% in June and up 16.8% in the second quarter.  Among the top performers were Hong Kong, up 11.35% in June; New Zealand, up 10.09%; the Netherlands, up 8%; and Germany, up 6.08%. Emerging markets gained 7.6% in June and 19.3% in the second quarter.