ETFGI reports that assets invested in ETFs industry in Europe gathered US$6.95 billion in net inflows in September
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By Deborah Fuhr, Managing Partner at ETFGI
ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that the ETFs industry in Europe gathered net inflows of US$6.95 billion during September, bringing year-to-date net inflows to US$103.00 billion. During the month, assets invested in the European ETF/ETP industry decreased by 3.6% from US$1.66 trillion at the end of August to US$1.60 trillion, according to ETFGI’s September 2023 European ETFs and ETPs industry landscape insights report. (All dollar values in USD unless otherwise noted.)
Highlights
- ETFs industry in Europe gathered net inflows of $6.95 Bn in September.
- YTD net inflows in 2023 of $103.00 Bn are second highest on record after YTD net inflows of $154.02 Bn in 2021.
- YTD net inflows of $103.00 Bn are significantly higher than the YTD $61.46 Bn and full year $88.96Bn gathered in 2022.
- 12th month of consecutive net inflows.
- Assets have increased 12.6% YTD in 2023, going from $1.42 Tn at end of 2022 to $1.60 Tn.
“The S&P 500 decreased by 4.77% in September and is up 13.07% YTD in 2023. Developed markets excluding the US decreased by 3.54% in September and are up 6.66% YTD in 2023. Netherlands (down 7.90%) and Ireland (down 7.31%) saw the largest decreases amongst the developed markets in September. Emerging markets decreased by 1.86% during September but are up 3.47% YTD in 2023. Thailand (down 9.38%) and Poland (down 9.33%) saw the largest decreases amongst emerging markets in September.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
Europe ETFs and ETPs asset growth as at the end of September 2023
The ETFs industry in European had 2,932 products, with 11,964 listings, assets of $1.598 Tn, from 99 providers listed on 29 exchanges in 24 countries at the end of Sept.
During September, ETFs gathered net inflows to US$6.95 billion. Equity ETFs gathered net inflows of
$6.58 Bn over September, bringing YTD net inflows to $55.41 Bn, higher than the $43.05 Bn in net inflows YTD in 2022. Fixed income ETFs had net inflows of $1.39 Bn during September, bringing YTD net inflows to $46.21 Bn, higher than the $18.13 Bn in YTD net inflows in 2022. Commodities ETFs/ETPs reported net outflows of $1.79 Bn during September, bringing YTD net outflows to $4.60 Bn, much lower than the $2.51 Bn in YTD net outflows in 2022. Active ETFs attracted net inflows of $778 Mn over the month, gathering YTD net inflows of $6.03 Bn, much higher than the $1.68 Bn in net inflows YTD in 2022.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $9.06 Bn during September. iShares Core MSCI World UCITS ETF – Acc (IWDA LN) gathered $1.44 Bn, the largest individual net inflow.
Top 20 ETFs by net inflows in September 2023: Europe
Name | Ticker | Assets | NNA | NNA |
IWDA LN | 57,154.02 | 7,341.05 | 1,443.00 | |
iShares Core S&P 500 UCITS ETF – Acc | CSSPX SW | 61,675.65 | 1,934.39 | 719.20 |
Invesco S&P 500 ETF – Acc | SPXS LN | 14,966.36 | 2,163.83 | 674.26 |
Xtrackers S&P 500 Equal Weight UCITS ETF (DR) – 1C – Acc | XDEW GY | 5,270.23 | 2,111.18 | 622.36 |
iShares Core € Corp Bond UCITS ETF | IEBC LN | 15,013.73 | 3,809.46 | 445.51 |
iShares MSCI ACWI UCITS ETF – Acc | ISAC LN | 8,496.61 | 1,742.09 | 428.89 |
Vanguard S&P 500 UCITS ETF | VUSA LN | 38,721.45 | 1,799.29 | 419.36 |
Xtrackers II Eurozone Government Bond UCITS ETF DR – Acc | XGLE GY | 2,273.90 | 351.89 | 408.74 |
AMUNDI EURO STOXX 50 UCITS ETF DR – EUR (C) – Acc | C50 FP | 2,091.15 | 95.24 | 380.01 |
Vanguard FTSE All-World UCITS ETF | VWRD LN | 18,615.27 | 3,043.96 | 360.05 |
AMUNDI GOVT BOND HIGHEST RATED EURO INVESTMENT GRADE UCITS ETF DR- Acc | AM3A FP | 670.50 | 344.45 | 354.33 |
iShares Core EURO STOXX 50 UCITS ETF (DE) | SX5EEX GY | 6,299.40 | 752.17 | 344.19 |
iShares USD Treasury Bond 0-1yr UCITS ETF | IBTU LN | 11,999.19 | 1,783.59 | 335.59 |
UBS ETFs PLC – Bloomberg Commodity CMCI SF UCITS ETF – Acc | BCFU GY | 874.78 | 294.72 | 334.95 |
JPMorgan US Research Enhanced Index Equity ESG UCITS ETF – Acc | JREU LN | 3,782.10 | 1,504.72 | 324.60 |
Amundi MSCI Robotics & AI ESG Screened UCITS ETF – Acc | GOAI FP | 832.41 | 421.93 | 313.53 |
Lyxor Net Zero 2050 S&P 500 Climate PAB (DR) UCITS ETF – Acc | ZPA5 GY | 1,778.14 | 563.34 | 300.11 |
Xtrackers II Eurozone Government Bond 7-10 UCITS ETF – Acc | X710 GY | 861.85 | 403.74 | 284.51 |
JPM Global Research Enhanced Index Equity (ESG) UCITS ETF – Acc | JREG LN | 2,758.46 | 1,520.82 | 282.65 |
iShares $ Treasury Bond 1-3yr UCITS ETF | IBTS LN | 9,871.88 | 402.52 | 282.05 |
The top 10 ETPs by net new assets collectively gathered $493.54 Mn during September.
Invesco Physical Gold ETC – EUR Hdg Acc (SGLE IM) gathered $354.39 Mn the largest individual net inflow.
Top 10 ETPs by net inflows in September 2023: Europe
Name | Ticker | Assets | NNA | NNA |
Invesco Physical Gold ETC – EUR Hdg Acc | SGLE IM | 584.52 | 35.28 | 354.39 |
Xtrackers Physical Gold ETC – Acc | XGLD LN | 383.58 | (13.85) | 28.23 |
WisdomTree WTI Crude Oil 3x Daily Short – Acc | 3OIS LN | 56.56 | 49.85 | 18.65 |
WisdomTree Natural Gas 3x Daily Leveraged – Acc | 3NGL LN | 88.11 | 173.83 | 17.80 |
Royal Mint Responsibly Source Physical Gold ETC – Acc | RMAU LN | 828.33 | 17.10 | 15.50 |
WisdomTree Brent Crude Oil 3x Daily Short – Acc | 3BRS IM | 26.56 | 22.76 | 13.46 |
WisdomTree Carbon – Acc | CARB LN | 268.94 | (55.76) | 13.39 |
Xtrackers Physical Platinum Euro Hedged ETC – Acc | XAD3 GY | 59.67 | 13.81 | 11.92 |
SG ETC Natural Gas +3x Daily Leveraged Collateralized – Acc | GAS3L IM | 10.44 | 35.32 | 10.18 |
WisdomTree NASDAQ 100 3x Daily Leveraged – Acc | QQQ3 LN | 227.58 | (58.02) | 10.02 |
Investors have tended to invest in Equity ETFs and ETPs during September.
ETFGI is a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, Founder, ETFGI website www.etfgi.com.
Source: ETFWorld
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