The European ETFs industry reached a new milestone, with assets under management hitting a record $2.25 trillion at the end of September 2024, according to ETF research firm ETFGI.
The industry saw significant net inflows of $24.27 billion during the month, bringing year-to-date (YTD) inflows to an all-time high of $176.24 billion.
The record-breaking asset levels in September surpassed the previous high of $2.18 trillion recorded in August 2024. Total assets have grown 23.7% since the start of 2024, rising from $1.82 trillion at the end of 2023 to $2.25 trillion.
In September, equity ETFs attracted the largest share of inflows, with $15.34 billion in net new assets, pushing YTD equity inflows to $122.27 billion—more than double the $55.43 billion seen in the same period in 2023. Fixed income ETFs followed, gathering $6.12 billion in September, contributing to a YTD total of $46.94 billion. Meanwhile, commodities ETFs saw $33.5 million in net inflows, although they continue to face YTD outflows of $4.9 billion.
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Active ETFs also saw notable growth, with net inflows of $2.42 billion in September, bringing YTD inflows to $11.99 billion—significantly higher than the $6.04 billion achieved by this point in 2023.
Substantial inflows were driven by the top 20 ETFs, which collectively gathered $14.47 billion during the month. The iShares Core € Corp Bond Ucits ETF was the standout performer, securing $1.63 billion in net inflows.
These figures are part of ETFGI’s monthly European ETFs and ETPs industry landscape insights report. “The S&P 500 index increased by 2.14% in September and is up by 22.08% year-to-date in 2024. The developed market index excluding the US increased by 1.26% in September and is up 12.53% YTD in 2024. Hong Kong and Singapore saw the largest increases amongst the developed markets in September. The emerging market index increased by 7.72% during September and is up 19.45% YTD in 2024. China and Thailand saw the largest increases amongst emerging markets in September,” said Deborah Fuhr, managing partner, founder and owner of ETFGI.
