There was a slight decrease in the assets under management (AUM) in the European ETF industry in June despite several billion euros of inflows, mainly into bonds.
AUM in the European ETF industry fell to €577.8 billion from €577.9 billion at the end of May, according to Thomson Reuters Lipper data.
The slight decrease happened despite net inflows of €7.7 billion over the month.
According to the Lipper data, bond ETFs saw €4.2 billion of inflows, the highest among asset classes, and equity ETFs saw the second highest inflows with €3.5 billion invested.
The best selling ETF was a US equity product. The iShares Core S&P 500 Ucits ETF USD (Acc), accounted for net inflows of €700 million, or 9.37% of the overall net inflows.
BlackRock yesterday noted lower inflows for the industry during June, saying it was the second smallest monthly inflow of the year, though compared with previous years, June was in fact a strong month for flows. If June’s figure had come in 2016, it would have been the second largest monthly inflow of the whole year.
BlackRock also noted that European-domiciled euro-denominated exchange-traded products had their best month in June for 13 months, raising the equivalent of €1.05 billion.
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