2025 was a bumper year for European Ucits ETFs according to figures released by Amundi.
The French asset manager’s full-year flows analysis shows that Ucits ETFs domiciled in Europe saw inflows of €330.6 billion in 2025 with assets under management reaching €2.57 trillion.
Within this sector, equities was the most popular asset class, accounting for €249.3bn of net new assets (NNA) in the year, an increase of 15.9% on 2024.
According to the report, it was a year of rotation as investors chose to allocate more to European equities rather than their US counterparts in comparison to previous years.
European equity exposures attracted record annual NNA of €65.8 billion, equivalent to +23.1% year-on-year.
Contributing factors to this trend cited by Amundi include Germany’s decision to increase spending on defence and infrastructure, along with a “broader European commitment to bolster the continent’s strategic autonomy”.
“Given the political and macroeconomic backdrop, investors took a more granular approach to Europe, with substantial allocations to industrials, defence, information technology (IT) and financials,” stated the report.
This trend was seen in the allocations to European sector ETFs which gathered over €35.5 billion with most of the assets directed into industrials (€13.3 billion), while NNA for IT and financials came in at €8.9 billion and €7.3 billion respectively.
Meanwhile defence strategies gathered significantly more assets than robotics and AI thematic exposures – almost €10bn compared to €2.3 billion. in the year, well ahead of robotics & AI thematic exposures (€2.3bn).
Fixed income was the next most popular asset class, gaining €77.8bn with year-on-year growth of 16.6%. 2025 was especially fruitful for Euro corporate credit, recording its strongest ever year with +21.8% NNA growth on inflows of €18.5bn.
