ETFGI reports ETFs industry in Europe reaches record US$3.80 Trillion in assets as YTD net inflows climb to record US$323.59 Billion at the end of July. During July the ETFs industry in Europe gathered net inflows of US$57.94 billion, bringing year-to-date net inflows to US$323.59 billion, according to ETFGI's July 2026 European ETFs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. ETFGI, is a 14 year old leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, 6 annual ETFGI Global ETFs Insights Summits, and ETF TV on global ETF industry trends. (All dollar values in USD unless otherwise noted)
Highlights
- Assets invested in the ETFs industry in Europe reached a new record of $3.80 Tn at the end of July, beating the previous record of $3.77 Tn at the end of May 2026.
- Assets increased 17.9% YTD in 2026, going from $3.22 Tn at end of 2025 to $3.80 Tn.
- Net inflows of $57.94 Bn in July 2026.
- YTD net inflows of $323.59 Bn are the highest on record, while the second highest YTD net inflows are $207.28 Bn in 2025 and the third highest YTD net inflows are $127.19 Bn in 2024.
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46th month of consecutive net inflows.
YTD 379 new ETFs have been launched by 79 providers and 27 have been closed
“The S&P 500 declined slightly by 0.06% in July but remained up 10.14% year-to-date in 2026. Developed markets excluding the US gained 0.30% during July and were up 14.62% year-to-date, with Luxembourg (+12.10%) and Norway (+9.93%) posting the strongest gains among developed markets. Emerging markets fell 0.33% in July but remained up 9.40% year-to-date, while Taiwan (-7.80%) and Turkey (-5.91%) recorded the largest declines among emerging markets,” according to Deborah Fuhr, Managing Partner, Founder, and Owner of ETFGI.
Growth in assets in the ETFs industry in Europe as of the end of July
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: “ETFs” are typically open-end index funds that provide daily portfolio transparency, are listed and traded on exchanges like stocks on a secondary basis as well as utilising a unique creation and redemption process for primary transactions. “ETPs” refers to other products that have similarities to ETFs in the way they trade and settle but they do not use a mutual fund structure. The use of other structures including grantor trusts, partnerships, notes and depositary receipts by ETPs can create different tax and regulatory implications for investors when compared to ETFs which are funds.
The ETFs industry in Europe has 3,959 products, with 16,381 listings, assets of $3.80 Tn, from 167 providers listed on 32 exchanges in 26 countries at the end of July.
ETF issuers
iShares remained the largest ETF provider in Europe at the end of July with $1.50 trillion in assets, accounting for 39.4% market share. Amundi ETF ranked second with $475.43 billion in assets and a 12.5% market share, followed by Xtrackers with $390.44 billion and a 10.3% market share. The three largest providers, out of 167 ETF providers in Europe, accounted for 62.1% of total industry assets, highlighting the continued concentration of assets among the region's leading ETF issuers. The remaining 164 providers each held less than 8% market share.
Net flows
- European ETFs gathered net inflows of $57.94 Bn in July 2026.
- Equity ETFs attracted $40.51 Bn in net inflows during July, bringing YTD net inflows to $223.29 Bn, significantly higher than the $144.30 Bn gathered by the end of July 2025.
- Fixed income ETFs recorded net inflows of $11.10 Bn in July, raising YTD net inflows to $65.30 Bn, well above the $35.92 Bn reported at the end of July 2025.
- Commodity ETFs gathered $2.12 Bn in net inflows during July, bringing YTD net inflows to $5.16 Bn, below the $7.96 Bn recorded over the same period in 2025.
- Active ETFs attracted $4.30 Bn in net inflows in July, increasing YTD net inflows to $30.93 Bn, substantially higher than the $16.78 Bn gathered by the end of July 2025.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $23.33 Bn in July. Vanguard FTSE All-World UCITS ETF (VWRD LN) gathered $3.79 Bn, the largest individual net inflow.
Top 20 ETFs by net new assets July 2026: Europe
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data June change slightly as additional data becomes available.
The top 10 ETPs by net new assets collectively gathered $1.99 Bn during July. Invesco Physical Gold ETC - Acc (SGLD LN) gathered $688.47 Mn, the largest individual net inflow.
Top 10 ETPs by net new assets July 2026: Europe
Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data June change slightly as additional data becomes available.
Investors have tended to invest in Equity ETFs during July.
