The ETF promoter in Europe enjoyed estimated net inflows for August 2022 after the first negative month for the European ETF industry since March 2020. These inflows occurred in a negative and volatile market environment in which investor sentiment was impacted by high inflation rates, increasing interest rates, geopolitical tensions, and disrupted delivery chains caused by the still ongoing COVID-19 pandemic in Europe and other parts of the world. The performance of the underlying markets led to decreasing assets under management (from €1,318.3 bn as of July 31, 2022, to €1,284.0 bn at the end of August). In more detail,

June 2022 was the first negative month for the European ETF industry since March 2020, as promoters faced slight estimated outflows. These outflows occurred in a negative and volatile market environment in which investor sentiment was impacted by high inflation rates, increasing interest rates, geopolitical tensions, and disrupted delivery chains caused by the still ongoing COVID-19 pandemic in Europe and other parts of the world. The performance of the underlying markets led to decreasing assets under management (from €1,308.7 bn as of May 31, 2022, to €1,240.0 bn at the end of June). In more detail, the decrease of €68.8

Within a market environment in which all major equity and bond indices face negative returns year to date, it is somewhat surprising that European investors pulled money out of bond funds while (passive) equity funds are still enjoying estimated net inflows. Given the current economic and geopolitical situation, it is also not surprising that European investors favor mixed-assets, or so-called multi-asset funds, as they expect that these funds might be able to weather the rough market conditions in the same way they did other rough market periods in the past. But those investors might face a nasty surprise, as the

When exchange-traded funds (ETFs) were introduced in Europe in the year 2000 it was hard to predict that these products would write an unbroken success story for more than 20 years. This becomes especially true when one is taking into account that the last two decades saw so many so-called “black swan events” in the financial markets—like no other period before—and each of these events had the power to derail the ETF industry from their growth track. But ETF assets increased during rough market periods—times during which common sense would dictate that active managers would have an advantage over passive

During Refinitiv Lipper’s fund-flows week ended April 28, 2021, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the twelfth week in 13. Money market funds (+$55.9 billion), taxable bond funds (+$7.1 billion), and tax-exempt bond funds (+$1.6 billion) all attracted net inflows over the trailing five trading days. Equity funds (-$3.1 billion), on the other hand, saw net outflows for the first week in 12. Taxable bond funds have seen 19 straight weeks of net inflows with only three weeks of net outflows over the trailing year. Market Wrap-Up At the close of

The coronavirus pandemic hit the European fund industry with declining markets and estimated net outflows of €125.9 bn in the first quarter of 2020. This trend reversed over the course of the second quarter as central banks and governments around the globe started quantitative easing programs and economic relief packages to cushion the economic drawdowns caused by the spread of the coronavirus and the lockdowns of economies around the globe. The measures taken led to a rebound of the equity markets accompanied by falling interest rates. The return to somewhat normal market circumstances led investors to buy back into mutual

November was another positive month for the European ETF industry as the promoters of ETFs in Europe enjoyed above average inflows in November. These led, in combination with the positive performance of the underlying markets, to an increase in assets under management in the European ETF industry from €809.3 bn as of October 31, 2019, to a new record high of €841.7 bn at the end of November. The increase of €32.4 bn for November was driven by the performance of the underlying markets (+€17.0 bn), while estimated net inflows contributed €15.4 bn to the increase in assets under management.

The South African fund industry enjoyed estimated net inflows of $10.0 bn over the course of the first nine months of 2019. These inflows occurred in a volatile but positive market environment driven by discussions about a trade war between the U.S. and China, a possible return of the euro crisis caused by developments in Italy and France, and a general economic slowdown with decreasing earnings at the company level. Nevertheless, since the equity markets showed a rebound over the course of 2019 so far, one would expect to see net inflows into mutual funds. Assets Under Management in the

October was another positive month for the European ETF industry, as the promoters of ETFs in Europe enjoyed above average inflows in October. These led, in combination with the positive performance of the underlying markets, to an increase in assets under management in the European ETF industry from €795.6 bn as of September 30, 2019, to a new record high of €809.2 bn at the end of October. The increase of €13.6 bn for October was driven by estimated net inflows (+€11.1 bn), while the performance of the underlying markets contributed €2.6 bn to the increase in assets under management.

The promoters of ETFs in Europe enjoyed net inflows for June. These led, in combination with a positive performance of the underlying markets, to an increase in the assets under management in the European ETF industry. In more detail, the assets under management in the European ETF industry increased from €721.4 bn as of May 31, 2019, to €746.7 bn at the end of June. The increase of €25.4 bn for June was driven by the performance of the underlying markets (+€22.5 bn), while net sales contributed inflows of €2.9 bn to assets under management in the European ETF segment.

Looking at the headline figures, first half 2018 could be considered a business-as-usual period for the European fund industry, since the assets under management (+€10.7 tr) increased in the first and second quarters of the year. But a closer look at the underlying trends shows that the recent geopolitical uncertainty and discussions of possible new tariffs in the U.S., which may result in a trade war, caused investors to change their asset allocations. Assets Under Management in the European Fund Industry The assets under management in the European fund industry increased from €10.4 tr to €10.7 tr over first half

The promoters of ETFs in Europe enjoyed net inflows for June. However, these inflows were not enough to offset the negative market impacts. As a result the assets under management in the European ETF industry decreased from €665.8 bn (as of May 31, 2018) to €660.4 bn at the end of June 2018. The decrease of €5.4 bn for June was driven by the performance of the underlying markets (-€6.3 bn), while net sales contributed a positive €0.9 bn to the assets under management in the European ETF segment. With regard to the overall number of products, it was not