Assets invested in European ETFs hit a record $2.18 trillion by the end of August 2024, according to ETF research firm ETFGI’s latest report.
The ETF industry in Europe saw net inflows of $24.78 billion during the month, pushing year-to-date (YTD) net inflows to a record $151.97 billion. These figures position the industry to end 2024 with both record assets and net inflows.
The industry’s assets have grown 19.8% since the start of the year, rising from $1.82 trillion at the end of 2023 to $2.18 trillion in August. This growth follows a previous record of $2.11 trillion set just a month earlier in July 2024. August marked the 23rd consecutive month of net inflows for European ETFs.
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Equity ETFs led the inflows, gathering $17.53 billion in August, bringing their YTD total to $109.03 billion—more than double the $48.84 billion recorded at the same time in 2023. Fixed income ETFs also saw positive momentum with net inflows of $5.13 billion in August, though their YTD total of $38.74 billion remains slightly lower than the $44.81 billion recorded last year. Meanwhile, commodities ETFs continued to face outflows, reporting $37.98 million in August and YTD net outflows of $4.93 billion.
Active ETFs attracted net inflows of $2.01 billion during August, pushing YTD inflows to $9.58 billion—up from $5.24 billion in 2023. The top 20 ETFs by net new assets collectively gathered $18.77 billion in August, with the CSIF IE MSCI USA Blue Ucits ETF accumulating the largest individual inflow at $2.88 billion.
“The S&P 500 index increased by 2.43% in August and is up by 19.53% YTD in 2024. The developed markets excluding the US index increased by 2.78% in August and is up 11.13% YTD in 2024. Israel and Singapore saw the largest increases amongst the developed markets in August. The Emerging markets index increased by 2.01% during August and is up 10.89% YTD in 2024. Indonesia and Thailand saw the largest increases amongst emerging markets in August,” said Deborah Fuhr, managing partner, founder and owner of ETFGI.
