The European ETF industry enjoyed healthy inflows over the first half of 2024. Opposite to mutual funds, ETFs had estimated net inflows in every month so far. These inflows into ETFs occurred in a generally positive market environment. Nevertheless, equity markets looked somewhat vulnerable given the high valuations of the market leaders. With regard to this, it is not surprising that investors are nervous and reacting quite fast on any news that may impact the current market environment negatively. This is not only true for economic news, as the geopolitical tensions in the Middle East, especially the developments around the

On 11 April 2024, the European ETF industry celebrates its twenty-fourth birthday. We would like to congratulate the industry with the publication of our annual ETF Yearbook, which provides an overview of trends in the European ETF industry and the wider ecosystem in 2023 and beyond. The ETF Yearbook analyses assets under management and fund flows in the European ETF industry for 2023 from various perspectives. As a result, the ETF Yearbook offers unique insights and an unrivalled overview of the structure of the European ETF industry. In addition, the comprehensive analysis of fund flows identifies and describes the underlying