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 the ETFs industry in Europe gathered a record US$270.42 billion in net inflows during 2024. During December the ETFs industry in Europe gathered net inflows of US$32.91 billion, bringing 2024 net inflows to a record US$270.42 billion, according to ETFGI's December 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
- Record $270.42 Bn in net inflows in 2024, the second highest full year net inflows was $193.46 Bn in 2021 and the third highest full year net inflows was $155.91 Bn in 2023.
- Assets of $2.27 Tn invested in the ETFs industry Europe at the end of December 2024 are the second highest on record, below the record high assets of $2.29 Tn in November 2024.
- Assets invested in the ETFs industry in Europe increased 25.0% in 2024, going from $1.82 Tn at end of 2023 to $2.27 Tn.
- 27th month of consecutive net inflows.
“The S&P 500 index decreased by 2.38% in December but was up by 25.02% in 2024. The developed markets excluding the US index decreased by 2.78% in December but is up 3.81% in 2024. Denmark (down 12.34%) and Australia (down 7.90%) saw the largest decreases amongst the developed markets in December. The emerging markets index increased by 0.19% during December and is up 11.96% in 2024. United Arab Emirates (up 6.42%) and Greece (up 4.21%) saw the largest increases amongst emerging markets in December.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
Growth in assets in the ETFs industry in Europe at the end of 2024
The ETFs industry in Europe had 3,107 products, with 12,907 listings, assets of $2.27 trillion, from 107 providers listed on 29 exchanges in 24 countries at the end of December.
During December, ETFs gathered net inflows to $32.91 Bn. Equity ETFs gathered net inflows of $26.99 Bn over December, bringing 2024 net inflows to $201.58 Bn, higher than the $93.31 Bn in net in 2023. Fixed income ETFs had net inflows of $3.88 Bn during December, bringing 2024 net inflows to $56.86 Bn, lower than the $65.14 Bn in net inflows in 2023. Commodities ETFs reported net outflows of $758.66 Mn during December, bringing 2024 net outflows to $7.64 Bn, lower than the $9.27 Bn in net outflows in 2023. Active ETFs attracted net inflows of $2.88 Bn over the month, gathering net inflows in 2024 of $19.94 Bn, higher than the $7.29 Bn in net inflows in 2023.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $26.16 Bn during December. Amundi S&P 500 II UCITS ETF USD (LSPU LN) gathered $4.33 Bn, the largest individual net inflow.
Top 20 ETFs by net inflows in December 2024: Europe
|
me |
Ticker |
Assets |
NNA |
NNA |
|
Amundi S&P 500 II UCITS ETF USD |
LSPU LN |
19,995.71 |
7,807.19 |
4,325.78 |
|
Invesco S&P 500 UCITS ETF - Acc |
SPXS LN |
38,723.33 |
11,042.19 |
3,677.87 |
|
iShares Core MSCI World UCITS ETF |
IWDA LN |
94,671.22 |
15,956.33 |
3,492.11 |
|
iShares Core S&P 500 UCITS ETF |
CSSPX SW |
110,029.79 |
19,035.45 |
2,463.59 |
|
SPDR S&P 500 UCITS ETF |
SPY5 GY |
21,711.74 |
10,761.64 |
1,644.31 |
|
Xtrackers II EUR Overnight Rate Swap UCITS ETF - 1C |
XEON GY |
14,146.65 |
9,190.29 |
1,393.10 |
|
Xtrackers S&P 500 Equal Weight ESG UCITS ETF |
XZEW GY |
3,542.65 |
3,160.45 |
1,089.01 |
|
iShares S&P 500 Swap UCITS ETF |
I500 NA |
10,200.04 |
5,253.01 |
982.95 |
|
Vanguard S&P 500 UCITS ETF |
VUSA LN |
63,135.94 |
6,504.02 |
876.61 |
|
iShares MSCI USA ESG Enhanced UCITS ETF |
EEDS LN |
19,617.39 |
1,437.71 |
773.03 |
|
SPDR S&P 400 US Mid Cap UCITS ETF - Acc |
SPY4 GY |
4,625.54 |
2,705.81 |
649.36 |
|
SPDR Russell 2000 U.S. Small Cap UCITS ETF - Acc |
ZPRR GY |
4,957.00 |
2,382.02 |
647.17 |
|
iShares Core UK Gilts UCITS ETF |
IGLT LN |
4,863.51 |
1,872.55 |
605.53 |
|
Vanguard FTSE All-World UCITS ETF |
VWRD LN |
32,412.49 |
6,916.66 |
569.53 |
|
iShares € Ultrashort Bond UCITS ETF |
ERNE LN |
4,406.23 |
1,311.29 |
546.22 |
|
iShares MSCI World Small Cap UCITS ETF |
WLDS LN |
5,032.24 |
1,273.12 |
533.96 |
|
iShares USD Treasury Bond 0-1yr UCITS ETF |
IBTU LN |
19,829.48 |
6,693.60 |
487.56 |
|
L&G MSCI Europe Climate Pathway UCITS ETF |
RIEU LN |
711.83 |
(933.45) |
486.53 |
|
Amundi Nasdaq-100 II UCITS ETF |
UST FP |
5,188.68 |
1,226.52 |
465.13 |
|
iShares $ Treasury Bond 0-3 Month UCITS ETF |
U03A LN |
459.75 |
459.24 |
455.02 |
The top 10 ETPs by net new assets collectively gathered $1.11 Bn during December. AMUNDI PHYSICAL GOLD ETC (C) - Acc (GOLD FP) gathered $374.56 Mn the largest individual net inflow.
Top 10 ETPs by net inflows in December 2024: Europe
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
AMUNDI PHYSICAL GOLD ETC (C) - Acc |
GOLD FP |
5,468.06 |
421.98 |
374.56 |
|
21Shares XRP ETP |
AXRP SW |
410.80 |
209.72 |
176.92 |
|
Bitwise Physical XRP ETP |
GXRP GY |
229.23 |
188.61 |
104.86 |
|
WisdomTree Physical Swiss Gold |
SGBS LN |
3,197.29 |
73.78 |
99.69 |
|
WisdomTree Physical Bitcoin |
BTCW SW |
1,030.92 |
230.54 |
92.91 |
|
Invesco Physical Gold ETC - Acc |
SGLD LN |
16,806.56 |
(1,685.04) |
62.27 |
|
CoinShares Physical Ethereum |
ETHE SW |
399.95 |
103.64 |
58.31 |
|
WisdomTree Physical Ethereum |
ETHW SW |
170.65 |
93.54 |
55.74 |
|
WisdomTree Physical XRP |
XRPW NA |
219.10 |
166.47 |
52.41 |
|
WisdomTree Physical Gold - EUR Daily Hedged |
GBSE GY |
419.01 |
(58.63) |
33.15 |
Investors have tended to invest in Equity ETFs and ETPs during December.
