ETFs surge in Europe to record high

ETFs and ETPs listed in Europe are gathering net new assets 13% faster than in previous years, according to research consultancy ETFGI.

ETFs surge in Europe to record high

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A record $48.4bn in net new assets (NNA) built up in the first seven months of 2015, surpassing the $42.9bn gathered in the same period in 2014.

At the end of July 2015, the European ETF/ETP industry had 2,135 ETFs/ETPs, with 6,534 listings, and assets of $504bn from 50 providers listed on 25 exchanges in 21 countries, according to ETFGI’s ETF and ETP global insights report for July 2015.

“The S&P 500 index ended up 2% for the month of July and finished the first seven months of 2015 up 3%. Although investors faced uncertainty in China and Greece during July they continued to invest significant net new assets in equity ETFs”, said Deborah Fuhr, managing partner of ETFGI.

Record levels of net new assets (NNA) have also been gathered by ETFs/ETPs listed globally which grew $199bn in first seven months of 2015, surpassing the prior record of $164bn gathered in the same period in 2014.

In the United States ETFs/ETPs gained net inflows of $125bn, beating the previous record of $116bn gathered in the first seven months of 2013.

In Japan ETFs/ETPs added $24bn, which is significantly higher than the $15bn gathered in the first seven months of 2014.

iShares gathered the largest net ETF/ETP inflows in July with $4.1bn, followed by db x/db ETC ($1.6bn), Lyxor AM ($1.0bn), Source ($966m) and Vanguard ($546m) in net inflows.

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