ETFGI Reports European ETF Industry Surges To Record US$2.76 Trillion In Assets – Highest YTD Inflows Ever At US$207 Billion

ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reports today that assets in the ETFs industry in Europe reached a new record of US$2.76 trillion at the end of July. During July the ETFs industry in Europe gathered net inflows of US$31.18 billion, bringing year-to-date net inflows to a record US$207.28 billion, according to ETFGI's July 2025 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 from Europe’s ETF Industry – July 2025

• Record Assets: Assets invested in ETFs listed in Europe reached an all-time high of $2.76 trillion at the end of July, surpassing the previous record of $2.74 trillion set in June 2025.
• Strong Year-to-Date Growth: Assets have grown 21.5% YTD, rising from $2.27 trillion at the end of 2024 to $2.76 trillion.
• Robust Monthly Inflows: July saw net inflows of $31.18 billion, continuing the industry’s upward momentum.
• Historic YTD Inflows: $207.28 billion in net inflows YTD marks the highest on record, eclipsing previous highs of $127.19 billion in 2024 and $127.08 billion in 2021.
• 12-Month Inflows: Over the past year, ETFs in Europe have attracted $350.52 billion in net inflows.
• Consistent Growth: July marks the 34th consecutive month of net inflows into European-listed ETFs.
• Equity ETF Surge: Equity ETFs and ETPs listed in Europe have gathered $144.30 billion YTD, the highest on record. This surpasses previous YTD records of $93.79 billion in 2021 and $89.45 billion in 2024.

The S&P 500 Index rose by 2.24% in July, bringing its year-to-date gain to 8.59%. In contrast, developed markets excluding the US declined by 0.71% during the month, though they remain up 19.44% for the year. Denmark and the Netherlands experienced the largest monthly drops among developed markets, falling by 13.90% and 5.78%, respectively. Emerging markets posted a 1.63% increase in July and are up 13.22% year-to-date, with Thailand and the United Arab Emirates leading the gains, rising by 14.13% and 8.41%, respectively. 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

The ETFs industry in Europe has 3,324 products, with 14,049 listings, assets of $2.76 Tn, from 126 providers listed on 29 exchanges in 24 countries at the end of July.

During July, ETFs listed in Europe attracted net inflows of $31.18 billion. Equity ETFs led the way, gathering $23.65 billion in net inflows for the month, bringing year-to-date inflows to $144.30 billion—significantly higher than the $89.45 billion recorded by the end of July 2024. Fixed income ETFs saw net inflows of $3.23 billion in July, contributing to a YTD total of $35.92 billion, slightly below the $36.44 billion gathered during the same period in 2024. Commodities ETFs reported net inflows of $911.67 million in July, lifting YTD inflows to $7.96 billion, a notable turnaround from the $4.89 billion in net outflows seen year-to-date in 2024. Active ETFs continued to gain traction, attracting $3.42 billion in July and reaching $16.78 billion in YTD net inflows—more than double the $6.74 billion recorded by the end of July 2024.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $15.19 Bn in July. iShares Core MSCI World UCITS ETF (IWDA LN) gathered $2.06 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets July 2025: Europe

The top 10 ETPs by net new assets collectively gathered $1.99 Bn during July. Invesco Physical Gold ETC - Acc     (SGLD LN) gathered $594.23 Mn, the largest individual net inflow.

Top 10 ETPs by net new assets July 2025: Europe

Investors have tended to invest in Equity ETFs during July.