ETFGI Reports At The End Of January The Assets Invested In The ETFs Industry In Europe Reached A New Record Of US$1.83 Trillion

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that at the end of January the assets invested in the ETFs industry in Europe reached a new record of US$1.83 trillion. During January the ETFs industry in Europe gathered US$21.68 billion in net inflows. In the first month of 2024, assets invested in the ETFs industry in Europe increased by 0.5% going from US$1.82 trillion at the end of 2023 to US$1.83 trillion, according to ETFGI's January 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.)
 
Highlights

• Assets invested in the ETFs industry in Europe reached a record $1.83 Tn at the end of January beating the previous record of $1.82 Tn at the end of December 2023.
• Assets increased 0.5% in the first month of 2024, going from $1.82 Tn at end of 2023 to $1.83 Tn.
• Net inflows of $21.68 Bn in January.
• January net inflows of $21.68 Bn are 2nd highest on record after January net inflows of $29.12 Bn in 2022.
• 16th month of consecutive net inflows.

“The S&P 500 increased by 1.68% in January. Developed markets excluding the US decreased by 0.31% in January. Hong Kong (down 9.80%) and Korea (down 9.69%) saw the largest decreases amongst the developed markets in January. Emerging markets decreased by 3.46% during January. China (down 11.18%) and Chile (down 9.68%) saw the largest decreases amongst emerging markets in January”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

The ETFs industry in Europe had 2,956 products, with 12,076 listings, assets of $1.83 trillion, from 99 providers listed on 29 exchanges in 24 countries at the end of January.

During January, ETFs gathered net inflows to $21.68 Bn. Equity ETFs gathered net inflows of $13.76 Bn, higher than the $9.56 Bn in net inflows at this point in 2023. Fixed income ETFs had net inflows of $8.07 Bn during January, lower than the $8.94 Bn in net inflows at the end January 2023. Commodities ETFs/ETPs reported net outflows of $859.18 Mn during January, more than the $361.87 Mn in net outflows in January 2023. Active ETFs attracted net inflows of $730.75 Mn over the month, on par with the $729.71 Mn in net inflows in January 2023.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $15.82 Bn during January. iShares Core S&P 500 UCITS ETF - Acc (CSSPX SW) gathered $3.01 Bn, the largest individual net inflow.


Top 20 ETFs by net inflows in January 2024: Europe

The top 10 ETPs by net new assets collectively gathered $710.09 Mn during January. AMUNDI PHYSICAL GOLD ETC (C) - Acc (GOLD FP) gathered $289.06 Mn the largest individual net inflow.

Top 10 ETPs by net inflows in January 2024: Europe

Investors have tended to invest in Equity ETFs and ETPs during January.