ETFGI report on ETFs and ETPs in Europe – January 2024

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that at the end of January the assets invested in the ETFs industry in Europe reached a new record of US$1.83 trillion. During January the ETFs industry in Europe gathered US$21.68 billion in net inflows. In the first month of 2024, assets invested in the ETFs industry in Europe increased by 0.5% going from US$1.82 trillion at the end of 2023 to US$1.83 trillion, according to ETFGI’s January 2024 European ETFs and ETPs industry landscape insights report. (All dollar values in USD unless otherwise noted.)

 Highlights

• Assets invested in the ETFs industry in Europe reached a record $1.83 Tn at the end of January beating the previous record of $1.82 Tn at the end of December 2023.
• Assets increased 0.5% in the first month of 2024, going from $1.82 Tn at end of 2023 to $1.83 Tn.
• Net inflows of $21.68 Bn in January.
• January net inflows of $21.68 Bn are 2^nd highest on record after January net inflows of $29.12 Bn in 2022.
• 16^th month of consecutive net inflows.

“The S&P 500 increased by 1.68% in January. Developed markets excluding the US decreased by 0.31% in January. Hong Kong (down 9.80%) and Korea (down 9.69%) saw the largest decreases amongst the developed markets in January. Emerging markets decreased by 3.46% during January. China (down 11.18%) and Chile (down 9.68%) saw the largest decreases amongst emerging markets in January”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

Growth in assets invested in the ETFs industry in Europe at the end of January

The ETFs industry in Europe had 2,956 products, with 12,076 listings, assets of $1.83 trillion, from 99 providers listed on 29 exchanges in 24 countries at the end of January.

During January, ETFs gathered net inflows to $21.68 Bn. Equity ETFs gathered net inflows of $13.76 Bn, higher than the $9.56 Bn in net inflows at this point in 2023. Fixed income ETFs had net inflows of $8.07 Bn during January, lower than the $8.94 Bn in net inflows at the end January 2023. Commodities ETFs/ETPs reported net outflows of $859.18 Mn during January, more than the $361.87 Mn in net outflows in January 2023. Active ETFs attracted net inflows of $730.75 Mn over the month, on par with the $729.71 Mn in net inflows in January 2023.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $15.82 Bn during January. iShares Core S&P 500 UCITS ETF – Acc (CSSPX SW) gathered $3.01 Bn, the largest individual net inflow.

Top 20 ETFs by net inflows in January 2024: Europe

Name	Ticker	Assets ($ Mn)  Jan-24	NNA ($ Mn)  YTD-24	NNA ($ Mn) Jan-24
iShares Core S&P 500 UCITS ETF – Acc	CSSPX SW	75,956.98	3013.81	3,013.81
iShares Core € Corp Bond UCITS ETF	IEBC LN	19,440.06	2079.63	2,079.63
iShares Core MSCI World UCITS ETF – Acc	IWDA LN	67,907.69	1338.54	1,338.54
SPDR S&P 500 UCITS ETF	SPY5 GY	9,337.97	1135.64	1,135.64
Vanguard S&P 500 UCITS ETF	VUSA LN	47,075.19	1091.79	1,091.79
iShares € High Yield Corp Bond UCITS ETF	IHYG LN	7,476.69	1031.66	1,031.66
Xtrackers II EUR Overnight Rate Swap UCITS ETF – 1C – Acc	XEON GY	5,889.66	720.56	720.56
iShares USD Treasury Bond 0-1yr UCITS ETF	IBTU LN	13,820.46	614.04	614.04
Seligson & Co OMX Helsinki 25 Exchange Traded Fund UCITS ETF – Acc	H25ETF FH	522.36	529.38	529.38
iShares $ TIPS UCITS ETF – Acc	ITPS LN	5,355.81	517.98	517.98
Xtrackers MSCI World ESG UCITS ETF  – 1C – Acc	XZW0 LN	5,796.11	425.02	425.02
Xtrackers MSCI World Health Care UCITS ETF – Acc	XDWH GY	2,449.59	412.81	412.81
SPDR S&P 500 ESG Leaders UCITS ETF – Acc	SPPY GY	2,120.16	395.48	395.48
iShares MSCI ACWI UCITS ETF – Acc	ISAC LN	10,893.28	388.62	388.62
Vanguard FTSE All-World UCITS ETF	VWRD LN	22,152.86	375.33	375.33
Amundi S&P 500 II UCITS ETF	LSPU LN	10,299.51	373.20	373.20
JPMorgan US Research Enhanced Index Equity ESG UCITS ETF – Acc	JREU LN	5,646.65	360.73	360.73
iShares NASDAQ 100 UCITS ETF – Acc	CSNDX SW	12,765.28	343.92	343.92
iShares $ Treasury Bond 1-3yr UCITS ETF	IBTS LN	10,963.53	340.18	340.18
Xtrackers Artificial Intelligence & Big Data UCITS ETF – Acc	XAIX GY	2,144.91	336.05	336.05

 The top 10 ETPs by net new assets collectively gathered $710.09 Mn during January. AMUNDI PHYSICAL GOLD ETC (C) – Acc (GOLD FP) gathered $289.06 Mn the largest individual net inflow.

Top 10 ETPs by net inflows in January 2024: Europe

Name	Ticker	Assets ($ Mn)  Jan-24	NNA ($ Mn)  YTD-24	NNA ($ Mn) Jan-24
AMUNDI PHYSICAL GOLD ETC (C) – Acc	GOLD FP	4,205.30	289.06	289.06
WisdomTree Copper – Acc	COPA LN	1,410.55	125.34	125.34
WisdomTree Core Physical Gold – Acc	WGLD LN	631.06	56.80	56.80
SG ETC FTSE MIB -3x Daily Short Collateralized – Acc	MIB3S IM	5.69	47.61	47.61
Leverage Shares 3x Tesla ETP – Acc	TSL3 LN	137.48	45.96	45.96
WisdomTree WTI Crude Oil – Acc	CRUD LN	813.78	39.99	39.99
WisdomTree Physical Bitcoin – Acc	BTCW SW	347.88	39.29	39.29
SG ETC DAX -3x Daily Short Collateralized – Acc	DAX3S IM	2.89	32.42	32.42
WisdomTree Carbon – Acc	CARB LN	227.28	19.35	19.35
iShares Physical Silver ETC – Acc	SSLN LN	516.17	14.29	14.29

Investors have tended to invest in Equity ETFs and ETPs during January.