The European ETFs industry gathered net inflows of $17.25 billion during October, bringing year-to-date net inflows to $120.25 billion, data showed.
According to ETF research firm ETFGI’s October 2023 European ETFs and ETPs industry landscape insights report, assets have increased 11.7% YTD in 2023, up from $1.42 trillion in 2022-end to $1.58 trillion in October 2023-end.
Equity ETFs gathered net inflows of $12.49 billion during October, bringing YTD net inflows to $67.90 billion. Fixed income ETFs reported net inflows of $5.02 billion during October, bringing YTD net inflows to $51.22 billion. Active ETFs attracted net inflows of $192 million during the month, gathering YTD net inflows of $6.22 billion. Inflow for all three asset classes was higher than net inflows YTD in 2022.
Commodities ETFs/ETPs reported net outflows of $186 million during October, bringing YTD net outflows to $4.79 billion, much lower than YTD net outflows in 2022.
The top 20 ETFs by net new assets collectively gathered $14.91 billion during October. The L&G Europe ESG Exclusions Paris Aligned Ucits ETF – Acc (RIEU LN) gained the largest individual net inflow at $2.10 billion.
The top 10 ETPs by net new assets collectively gathered $1.24 billion during October. Invesco Physical Gold ETC – GBP Hdg Acc (SGLS LN) gained the largest individual net inflow with $621.48 million.
“The S&P 500 index declined 2.10% in October but is up 10.69% YTD in 2023. The developed markets, excluding the US index, declined by 4.62% in October but are up 1.73% YTD in 2023. Israel and Luxembourg saw the largest decrease amongst developed markets in October. The emerging markets index declined by 3.55% during October and is down by 0.20% YTD in 2023,” said Deborah Fuhr, managing partner, founder and owner of ETFGI.
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