Refinitiv: March 2021 marked the twelfth consecutive month with inflows into ETFs after the outflows caused by the outbreak of the coronavirus pandemic in March 2020.
Sign up to our free newsletters
By Detlef Glow, Lipper’s head of EMEA research at Refinitiv
These inflows occurred in a positive market environment in which investor sentiment was still impacted by the increasing dynamics of the COVID-19 pandemic in Europe and other parts of the world.
The positive performance of the underlying markets led in combination with the estimated net inflows to increasing assets under management (from €1,034.4 bn as of February 28, 2021, to €1,095.8 bn at the end of March).
The increase of €61.5 bn for March was driven by the estimated net sales (+€16.6 bn), while the performance of the underlying markets contributed €44.8 bn to the increase of the assets under management.
It was not surprising equity funds (€775.2 bn) held the majority of assets, followed by bond funds (€273.4 bn), commodities products (€37.1 bn), alternative UCITS products (€5.6 bn), money market funds (€2.2 bn), mixed-assets funds (€2.2 bn), and “other” funds (€0.1 bn).
Graph 1: Market Share, Assets Under Management in the European ETF Segment by Asset Type, March 31, 2021
Source: Refinitiv Lipper
Fund Flows by Asset Type
The European ETF industry enjoyed healthy estimated net inflows for March (+€16.6 bn) which were far above the rolling 12-month average (€12.5 bn).
The inflows in the European ETF industry for March were driven by equity ETFs (+€18.7bn), followed by alternative UCITS ETFs (+€0.3 bn), commodities ETFs (+€0.1 bn), and mixed-assets ETFs (+€0.1 bn). Meanwhile, bond ETFs (-€2.5 bn), money market ETFs (+€0.1 bn), and “other” ETFs (-€0.01 bn) showed outflows for the month.
This flow pattern drove the estimated overall net inflows to €16.6 bn for the month and €49.4 bn for the vear 2021 so far.
Source: Refinitiv Lipper
Source: ETFWorld
Subscribe to Our Newsletter
