DWS Xtrackers, the exchange-traded fund (ETF) arm of Deutsche Asset Management, said it captured the most inflows compared to competitors in Europe in the first five months of 2018.
The firm said exchange-traded products that it sponsors, which includes ETFs, captured 20% of European market inflows in the year to the end of May.
The firm bases its claim on data from ETFGI, an ETF consultancy, and means it topped UBS ETFs and industry giant, iShares, which came second and third respectively.
Xtrackers ETFs and exchange-traded commodities registered $6.4 billion ($5.4 billion) in net inflows for 2018 to the end of May.
ETFGI data shows that the Xtrackers Physical Gold exchange-traded commodity took in $1.6 billion during the same period.
Xtrackers has a market share of 11% of the European exchange-traded product market by assets under management (AUM).
“For our Xtrackers to have a market-leading position in 2018 is a testament to the quality of our index tracking products,” said Thorsten Michalik, member of the management board of DWS.
UBS inflows were $6.2 billion and iShares captured $4.3 billion, according to DWS quoting ETFGI figures.
Meanwhile, ETFGI reports that AUM in ETFs and similar products globally broke through the $5 trillion dollar milestone in May to reach $5.004 trillion.
©2018 funds europe
