Massive inflows into Europe-domiciled exchange traded funds and products so far this year have taken total net year-to-date inflows to a record $74 billion (€63 billion), according to data from London-based consultancy ETFGI.
Europe-listed ETFs and ETPs gathered net inflows of $10.16 billion in July, marking the 33rd consecutive month of inflows.
The record year-to-date net inflows are more than double the net inflows of $31.74 billion in the first seven months of 2016 and now stand at more than the record $55.69 billion gathered in all of last year.
In the seven months to July, Europe-listed ETF/ETP assets increased 22.2% to reach a new record of $700 billion.
By the end of July, the European ETF/ETP industry had 2,292 ETFs/ETPs, with 7,252 listings from 60 providers listed on 27 exchanges in 21 countries.
Globally, investors have so far this year ploughed $391 billion into ETFs, already surpassing last year’s record annual inflow of $390 billion.
The record-breaking inflows into passive funds and out of actively managed funds have fuelled fears of a bubble in the US stock market.
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