ETFGI, a prominent independent research, events and consultancy firm specializing in providing subscription research on trends in the global ETFs industry, reported today that assets invested in ETFs industry in Europe reached a record of US$2.18 trillion at the end of August. During August the ETFs industry in Europe gathered net inflows of US$24.78 billion, bringing year-to-date net inflows to a record US$151.97 billion, according to ETFGI's August 2024 European ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
We expect the ETFs industry in Europe to end 2024 with record assets and record level of net inflows.
- Assets invested in the Europe ETFs industry reached a record $2.18 Tn at the end of August beating the previous record of $2.11 Tn at the end of July 2024.
- Assets increased 19.8% YTD in 2024, going from $1.82 Tn at end of 2023 to $2.18 Tn.
- Net inflows of $24.78 Bn in August 2024.
- YTD net inflows of $151.97 Bn are the highest on record, while the second highest YTD net inflows are $138.94 Bn in 2021 and the third highest YTD net inflows are $96.05 Bn in 2023.
- 23rd month of consecutive net inflows.
“The S&P 500 index increased by 2.43% in August and is up by 19.53% YTD in 2024. The developed markets excluding the US index increased by 2.78% in August and is up 11.13% YTD in 2024. Israel (up 7.47%) and Singapore (up 5.59%) saw the largest increases amongst the developed markets in August. The Emerging markets index increased by 2.01% during August and is up 10.89% YTD in 2024. Indonesia (up 10.79%) and Thailand (up 8.62%) saw the largest increases amongst emerging markets in August”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
Asset growth in the ETFs industry in Europe as of the end of August
The ETFs industry in Europe had 3,053 products, with 12,522 listings, assets of $2.18 Tn, from 100 providers listed on 29 exchanges in 24 countries at the end of August.
During August, ETFs gathered net inflows to $24.78 Bn. Equity ETFs gathered net inflows of $17.53 Bn in August, bringing YTD net inflows to $109.03 Bn, higher than the $48.84 Bn in net inflows YTD in 2023. Fixed income ETFs had net inflows of $5.13 Bn during August, bringing YTD net inflows to $38.74 Bn, lower than the $44.81 Bn in net inflows YTD in 2023. Commodities ETFs reported net outflows of $37.98 Mn during August, bringing YTD net outflows to $4.93 Bn, greater than the $2.82 Bn in net outflows YTD in 2023. Active ETFs attracted net inflows of $2.01 Bn during the month, gathering YTD net inflows of $9.58 Bn, higher than the $5.24 Bn in net inflows YTD in 2023.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $18.77 Bn during August. CSIF IE MSCI USA Blue UCITS ETF – Acc (CMXUS SW) gathered $2.88 Bn, the largest individual net inflow.
Top 20 ETFs by net inflows in August 2024: Europe
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
CMXUS SW |
2,898.82 |
2,489.97 |
2,882.92 |
|
|
iShares Core MSCI World UCITS ETF - Acc |
IWDA LN |
84,522.85 |
7,032.42 |
1,724.53 |
|
iShares USD Treasury Bond 0-1yr UCITS ETF |
IBTU LN |
18,776.46 |
5,708.46 |
1,704.10 |
|
iShares Core S&P 500 UCITS ETF - Acc |
CSSPX SW |
97,199.30 |
10,416.26 |
1,476.95 |
|
Xtrackers II EUR Overnight Rate Swap UCITS ETF - 1C - Acc |
XEON GY |
11,817.55 |
6,218.35 |
1,207.25 |
|
iShares $ Corp Bond UCITS ETF |
LQDE LN |
10,243.22 |
1,458.83 |
1,113.92 |
|
Vanguard S&P 500 UCITS ETF |
VUSA LN |
57,600.11 |
3,459.15 |
1,110.38 |
|
iShares Core € Corp Bond UCITS ETF |
IEBC LN |
17,025.65 |
(797.69) |
887.70 |
|
SPDR S&P 500 UCITS ETF |
SPY5 GY |
17,508.63 |
7,204.13 |
829.76 |
|
Vanguard FTSE All-World UCITS ETF |
VWRD LN |
30,008.88 |
4,747.51 |
821.49 |
|
UBS Lux Fund Solutions - MSCI EMU UCITS ETF (EUR) A-dis |
EMUEUA GY |
3,986.99 |
1,115.97 |
675.25 |
|
JPMorgan US Research Enhanced Index Equity ESG UCITS ETF - Acc |
JREU LN |
10,343.40 |
3,825.27 |
639.95 |
|
JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity (ESG) UCITS ETF |
JREG LN |
6,893.89 |
2,183.15 |
621.86 |
|
iShares MSCI ACWI UCITS ETF - Acc |
SSAC LN |
16,024.94 |
2,129.74 |
554.75 |
|
SPDR MSCI World UCITS ETF - Acc |
SPPW GY |
8,453.54 |
2,961.60 |
534.41 |
|
SPDR S&P 500 ESG Leaders UCITS ETF - Acc |
SPPY GY |
3,928.16 |
1,766.54 |
432.70 |
|
SPDR Barclays 1 – 3 Year Euro Government Bond UCITS ETF |
SYB3 GY |
954.13 |
354.86 |
396.09 |
|
Xtrackers S&P 500 Equal Weight UCITS ETF (DR) - 1C - Acc |
XDEW GY |
7,475.94 |
974.83 |
393.88 |
|
iShares Core EURO STOXX 50 UCITS ETF (DE) |
SX5EEX GY |
7,908.56 |
602.24 |
393.67 |
|
Amundi Prime All Country World UCITS ETF |
WEBJ GY |
1,487.63 |
1,401.48 |
371.23 |
The top 10 ETPs by net new assets collectively gathered $801.08 Mn during August. iShares Physical Gold ETC -Acc (SGLN LN) gathered $233.78 Mn the largest individual net inflow.
Top 10 ETPs by net inflows in August 2024: Europe
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
iShares Physical Gold ETC - Acc |
SGLN LN |
16,653.23 |
10.24 |
233.78 |
|
WisdomTree Brent Crude Oil - Acc |
BRNT LN |
453.50 |
(1,320.84) |
141.49 |
|
SMO Physical Gold ETC |
BARS LN |
479.41 |
457.96 |
80.16 |
|
Leverage Shares 3x NVIDIA ETP - Acc |
3NVD LN |
249.79 |
100.74 |
77.58 |
|
Xtrackers IE Physical Gold ETC Securities - Acc |
XGDU LN |
5,189.45 |
1,274.70 |
63.55 |
|
WisdomTree NASDAQ 100 3x Daily Leveraged - Acc |
QQQ3 LN |
405.02 |
(6.72) |
47.32 |
|
Invesco Physical Gold ETC - Acc |
SGLD LN |
17,241.54 |
(599.47) |
43.25 |
|
Hashdex Nasdaq Crypto Index Europe ETP |
HASH SW |
189.94 |
185.87 |
40.37 |
|
Xetra Gold EUR - Acc |
4GLD GY |
14,258.07 |
(1,470.33) |
37.42 |
|
21Shares Toncoin Staking ETP |
TONN SW |
83.69 |
90.73 |
36.18 |
Investors have tended to invest in Equity ETFs during August.
