The European ETFs industry reached an all-time high of $2.11 trillion in assets by the end of July 2024, according to ETF research firm ETFGI’s latest European ETFs and ETPs industry landscape insights report.
This milestone surpassed the previous record of $2.04 trillion set just a month earlier in June. The strong performance underscored the continued growth and investor confidence in the European ETF market.
July 2024 saw the industry gather significant net inflows of $23.26 billion, pushing the year-to-date (YTD) net inflows to a record $127.19 billion. This marked the highest YTD net inflows on record, eclipsing the previous high of $127.08 billion set in 2021.
The majority of these inflows were directed towards index equity ETFs, which attracted $11.31 billion in July alone, bringing their YTD total to $91.50 billion. According to the researchers, this is more than double the $43.58 billion recorded over the same period in 2023, reflecting a strong investor preference for equity exposure in the current market environment. Fixed income ETFs also performed well, with July inflows of $9.81 billion, though their YTD total of $33.61 billion is slightly lower than the $41.87 billion gathered in 2023.
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Commodities ETFs, however, experienced net outflows, losing $122.15 million in July, which contributed to YTD outflows of $4.89 billion—higher than the $2.65 billion in outflows recorded during the same period last year. On the other hand, active ETFs attracted net inflows of $1.86 billion in July, boosting their YTD total to $7.56 billion, a significant increase from $4.19 billion in 2023.
The top 10 ETPs by net new assets collectively gathered $3.03 billion during July, with Xtrackers IE Physical Gold ETC Securities – Acc leading the pack, attracting the largest individual net inflow of $1.36 billion.
“The S&P 500 index increased by 1.22% in July and is up 16.70% YTD in 2024. The developed markets excluding the US index increased by 3.37% in July and is up 8.12% YTD in 2024. Ireland and Belgium saw the largest decreases amongst the developed markets in July. The emerging markets index increased by 0.57% during July and is up 8.70% YTD in 2024.Greece and United Arab Emirates saw the largest increases amongst emerging markets in July,” said Deborah Fuhr, managing partner, founder and owner of ETFGI.
