The European funds industry saw assets under management (AuM) rise to a new all-time high of €10.5 trillion in the first quarter of 2018, according to Thompson Reuters Lipper.
The increase was mainly driven by net new sales of €81.5 billion, while market performance contributed €21.3 billion.
The European exchange-traded fund (ETF) industry enjoyed increasing popularity with all kinds of investors over the period. Assets held by the European ETF industry marked a new all-time high at €676.5 billion at the end of March 2018.
The growth in the European ETF segment was mainly driven by net sales of €26.8 billion, while the performance of the underlying markets contributed a net-negative €7 billion.
Equity ETFs were the best-selling asset type in this market segment followed by bond ETFs and commodity products as well as mixed-asset ETFs. Alternative Ucits ETFs experienced net outflows.
Equity funds also showed the highest number of mergers and liquidations while mixed-asset funds had the highest number of fund launches.
©2018 funds europe
