
The European ETF industry enjoyed inflows over the course of November 2022. These inflows occurred in a positive market environment. Nevertheless, concerns about high inflation rates, increasing interest rates, market turmoil in UK government bonds, geopolitical tensions, and disrupted delivery chains caused by the still ongoing COVID-19 pandemic were still looming. The performance of the underlying markets led in conjunction with the estimated net inflows to increasing assets under management (from €1,254.0 bn as of October 31, 2022, to €1,309.9 bn at the end of November). At a closer look, the increase of €55.9 bn for November was driven by