Assets invested in the ETFs industry in Europe reached a new record of US$1.83 trillion at the end of January.
The increase was of just 0.5%, rising from $1.82 trillion at the end of 2023, according to ETFGI figures.
But it also followed January net inflows of $21.68 billion despite falling markets.
The net inflows are second highest on record after January net inflows of $29.12 billion in 2022.
Deborah Fuhr, founder of ETFGI, said January marked 16 months of consecutive net inflows for Europe’s ETF industry.
The increase in assets came despite broadly falling markets in January. The S&P 500 increased by 1.68% during the month, but developed markets excluding the US decreased by 0.31% with Hong Kong down 9.80% and South Korea down 9.69%, noted Fuhr.
Emerging markets decreased by 3.46% during January, with China down 11.18% and Chile down 9.68%.
