ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs and ETPs listed in Europe gathered net inflows of US$6.42 billion at the end of February, bringing year-to-date net inflows to US$21.20 billion. Assets invested in the European ETFs/ETPs industry have decreased by 4.0%, from US$1.04 trillion at the end of January, to US$997.48 billion, according to ETFGI's February 2020 European ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
- ETFs and ETPs listed in Europe attracted $6.42 billion in net inflows in February, the 5th highest February inflow on record.
- Assets invested in the European ETFs/ETPs industry at $997.48 billion is the 3rd highest on record.
- Fixed Income and Commodities attracted the largest monthly inflows among the asset classes of $2.58 billion and $2.25 billion respectively.
“At the end of February, the S&P 500 was down 8.2% as coronavirus cases continued to spread and the potential economic impact weighed on investors and the markets. Outside the U.S., the S&P Developed ex-U.S. BMI declined nearly 9.0%. The S&P Emerging BMI lost 5.1% during the month. Global equities as measured by the S&P Global BMI ended down 8.1% with 49 of 50 included country indices down, while China gained 0.9%.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
Europe ETFs and ETPs asset growth as at the end of February 2020 go to www.ETFGI.com to see the chart.
At the end of February 2020, the European ETFs/ETPs industry had 2,196 ETFs/ETPs, with 8,456 listings, from 67 providers on 27 exchanges in 23 countries.
Equity ETFs/ETPs listed in Europe gathered net inflows of $1.06 billion in February, bringing net inflows for the year 2020 to $8.81 billion, lower than the $11.03 billion in net inflows equity products had attracted at this point in 2019. Fixed income ETFs/ETPs listed in Europe gathered net inflows of $2.58 billion in February, bringing net inflows for the year to $7.48 billion, lower than the $13.27 billion in net inflows fixed income products had attracted at this point in 2019. Commodity ETFs/ETPs reported $2.25 billion in net inflows bringing net inflows to $4.44 billion for2020, which is greater than the $896 million in net inflows gathered year to date in 2019.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $7.98 billion at the end of February. The UBS ETF-MSCI Emerging Markets UCITS ETF A - Acc (EMMUSC SW) gathered $1.03 billion alone.
Top 20 ETFs by net inflows in February 2020: Europe
Name |
Ticker |
Assets |
NNA |
NNA |
UBS ETF-MSCI Emerging Markets UCITS ETF A - Acc |
EMMUSC SW |
3,938.75 |
1,048.67 |
1,030.03 |
iShares Core € Corp Bond UCITS ETF |
IEAA LN |
1,370.77 |
925.58 |
913.39 |
Invesco S&P 500 ETF |
SPXS LN |
7,633.68 |
684.40 |
665.03 |
Xtrackers II EUR Corporate Bond UCITS ETF DR |
XBLC GY |
2,340.67 |
584.83 |
555.94 |
Xtrackers II Japan Government Bond UCITS ETF |
XJSE GY |
1,077.70 |
414.07 |
401.46 |
SPDR S&P Euro Dividend Aristocrats UCITS ETF |
SPYW GY |
2,227.86 |
390.69 |
363.57 |
iShares $ Treasury Bond 7-10yr UCITS ETF |
IBTM LN |
4,840.77 |
634.81 |
359.76 |
iShares Core MSCI EM IMI UCITS ETF |
EMIM LN |
14,324.59 |
481.65 |
312.94 |
iShares € Inflation Linked Govt Bond UCITS ETF |
IBCI LN |
2,027.83 |
294.43 |
307.65 |
iShares Edge MSCI World Momentum Factor UCITS ETF |
IWMO LN |
1,594.72 |
481.01 |
301.75 |
Invesco European Banks Sector ETF |
X7PS GY |
275.91 |
300.19 |
300.35 |
iShares Core MSCI World UCITS ETF |
IWDA LN |
21,828.86 |
756.79 |
299.47 |
iShares MSCI USA SRI UCITS ETF |
SUAS LN |
2,088.82 |
390.50 |
291.81 |
iShares MSCI World SRI UCITS ETF - EUR - Acc |
SUSW LN |
967.23 |
350.01 |
289.71 |
iShares MSCI France UCITS ETF |
ISFR LN |
321.07 |
287.25 |
287.25 |
iShares Core € Govt Bond UCITS ETF |
SEGA LN |
2,970.52 |
206.29 |
277.20 |
iShares MSCI World ESG Screened UCITS ETF Acc |
SAWD LN |
378.98 |
285.69 |
273.23 |
AMUNDI ETF S&P 500 UCITS ETF EUR C |
500 FP |
2,235.04 |
281.03 |
269.45 |
UBS ETF (CH) - MSCI Switzerland (CHF) A-dis |
SWICHA SW |
604.00 |
229.50 |
241.20 |
Xtrackers S&P 500 Swap UCITS ETF |
D5BM GY |
6,929.73 |
(169.62) |
233.99 |
The top 10 ETPs by net new assets collectively gathered $2.22 billion at the end of February. The Xtrackers Physical Gold ETC (EUR) (XAD5 GY) gathered $511 million alone.
Top 10 ETPs by net inflows in February 2020: Europe
Name |
Ticker |
Assets |
NNA |
NNA |
Xtrackers Physical Gold ETC (EUR) |
XAD5 GY |
4,090.03 |
563.53 |
511.12 |
iShares Physical Gold ETC |
SGLN LN |
8,905.02 |
1,159.31 |
296.22 |
WisdomTree Physical Swiss Gold |
SGBS LN |
3,144.31 |
290.92 |
235.83 |
Amundi Physical Metals PLC |
GOLD FP |
1,522.42 |
372.91 |
234.96 |
WisdomTree WTI Crude Oil 1x Daily Short |
SOIL LN |
241.28 |
213.07 |
214.72 |
Xetra Gold EUR |
4GLD GY |
10,796.96 |
330.30 |
190.47 |
Royal Mint Physical Gold ETC Securities |
RMAU LN |
183.90 |
184.88 |
184.88 |
WisdomTree WTI Crude Oil |
CRUD LN |
523.74 |
164.07 |
172.49 |
WisdomTree Physical Gold |
PHAU LN |
7,396.65 |
(180.14) |
118.86 |
Invesco Gold ETC |
SGLD LN |
7,849.29 |
304.66 |
58.75 |
Investors have tended to invest in Fixed Income ETFs and ETPs in February.