In November 2023, Europe’s ETF market experienced a surge in net inflows worth approximately €17.8 billion, according to a review of the European ETF Market by London Stock Exchange Group or LSEG Lipper.
The total assets under management within the European ETF industry reached €1,501.5 billion during the month, showed the report.
Among various ETF categories, equity ETFs led the way with the highest net inflows, contributing €11.9 billion. The best-selling Lipper global classifications for November were equity US (+€5.7 billion), equity global (+€5.4 billion) and bond EUR corporates (+€2.9 billion).
iShares emerged as the top-selling ETF promoter, attracting €8.6 billion, surpassing competitors such as Amundi ETF (+€2.1 billion) and Vanguard (+€1.8 billion).
The ten best-selling ETFs collectively accumulated €8.5 billion in net inflows, with iShares Core € Corp Bond UCITS ETF EUR D leading the pack with estimated net inflows of €2.4 billion.
Detlef Glow, head of Lipper EMEA research at LSEG, said: “November 2023 was another month with strong inflows into ETFs. Overall, the inflows for the year so far look like the European ETF industry will least witness the second-best year in history, but there is also a small chance that we may witness the year with the highest inflows in ETFs in history. The success of ETFs is not reflected in the overall fund industry, as active managed mutual funds witness high outflows, and the gap is set to increase further.”
© 2023 funds europe
