Assets invested in ETFs in Europe reached a record high of $599 billion (€570 billion) at the end January 2017, surpassing the previous record of $573 billion recorded in December 2016.
The figures, contained in a report by the ETFGI consultancy, show that exchange-traded funds and products listed in Europe gathered $11.03 billion of net new assets in January – marking the 29th consecutive month of net inflows.
Record levels of assets under management were reached at the end of January for ETFs/ETPs listed globally at $3.689 trillion.
This includes $2.641 trillion in the US, $598.76 billion in Europe, $132.87 billion in Asia Pacific (not including Japan), and $88.84 billion in Canada.
ETFs and ETPs listed in Europe gathered net inflows of $11.03 billion in January compared with $3.02 billion in January 2016.
“Investors favoured equities over commodities and fixed income during January as equity markets had a good start to 2017,” said ETFGI managing partner Deborah Fuhr.
©2017 funds europe
