
Despite the promoters of ETFs in Europe enjoying net inflows for March, the assets under management in the European ETF industry (€628.3 bn) decreased, down from €632.2 bn at the end of February 2018. The decrease of €3.9 bn for March was driven by the performance of the underlying markets (-€4.7 bn), while net sales (+€0.8 bn) contributed positive results to the assets under management in the ETF segment. With regard to the overall number of products, it was not surprising that equity funds (€451.8 bn) held the majority of the assets, followed by bond funds (€146.2 bn), commodity products