Assets under management in European exchange-traded funds (ETFs) hit €480.5 billion at the end of August, up from €473.5 billion a month previously.
New sales mainly drove the increase – although positive performance of underlying markets contributed €2.3 billion, taking the asset level to a new record.
Bond ETFs received the highest net inflows during August (€2.9 billion), in keeping with recent data for actively managed funds that showed bonds were the main target for active investors, too.
However, the best selling Lipper global classification during the month was global emerging market equities, with sales of €1.3 billion.
This category was followed by US equities (€0.8 billion) and dollar-denominated corporate bonds (€0.5 billion).
iShares maintained its position as the best selling ETF provider in Europe, achieving net sales of €2.2 billion. It was followed by UBS (€1.2 billion) and Amundi (€500 million).
August’s ten best selling ETFs, which gathered total net inflows of €3.5 billion, were (highest first):
UBS MSCI EMU (European Monetary Union)
UBS MSCI EM
iShares JP Morgan EM Bonds
iShares Core S&P 500
iShares $ TIPS (Treasury Bonds)
Pimco US Dollar Short Maturity
iShares EM Local Government Bonds
Vanguard S&P 500
Deka Deutsche Boerse EUROGOV
iShares Euro Ultrashort Bond
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