ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that ETFs industry in Europe gathered net inflows of US$17.25 billion during October, bringing year-to-date net inflows to US$120.25 billion. Assets have increased 11.7% YTD in 2023, going from US$1.42 trillion at end of 2022 to US$1.58 trillion at the end of October, according to ETFGI's October 2023 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
- Net inflows of $17.25 Bn in October.
- YTD net inflows of $120.25 Bn are 2nd highest after YTD net inflows of $165.83 Bn in 2021.
- 13th month of consecutive net inflows.
- Assets of $1.58 Tn invested in ETFs industry in Europe at the end of October.
- Assets have increased 11.7% YTD in 2023, going from $1.42 Tn at end of 2022 to $1.58 Tn.
“The S&P 500 index declined 2.10% in October but is up 10.69% YTD in 2023. The developed markets excluding the US index declined by 4.62% in October but is up 1.73% YTD in 2023. Israel (down 14.45%) and Luxembourg (down 11.41%) saw the largest decreases amongst the developed markets in October. The emerging markets index declined by 3.55% during October and is down by 0.20% YTD in 2023. Turkey (down 11.71%) and United Arab Emirates (down 8.54%) saw the largest decreases amongst emerging markets in October.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
ETFS industry in Europe asset growth as at the end of October
The ETFs industry in Europe had 2,941 products, with 12,037 listings, assets of $1.584 Tn, from 99 providers listed on 29 exchanges in 24 countries at the end of October.
During October, ETFs gathered net inflows to $17.25 billion. Equity ETFs gathered net inflows of $12.49 Bn during October, bringing YTD net inflows to $67.90 Bn, higher than the $46.11 Bn in net YTD in 2022. Fixed income ETFs reported net inflows of $5.02 Bn during October, bringing YTD net inflows to $51.22 Bn, higher than the $22.97 Bn in YTD net inflows in 2022. Commodities ETFs/ETPs reported net outflows of $186 Mn during October, bringing YTD net outflows to $4.79 Bn, much lower than the $3.65 Bn in net outflows YTD in 2022. Active ETFs attracted net inflows of $192 Mn during the month, gathering YTD net inflows of $6.22 Bn, much higher than the $2.39 Bn in net inflows YTD in 2022.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $14.91 Bn during October. L&G Europe ESG Exclusions Paris Aligned UCITS ETF - Acc (RIEU LN) gathered $2.10 Bn, the largest individual net inflow.
Top 20 ETFs by net inflows in October 2023: Europe
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
RIEU LN |
2,786.16 |
2,676.89 |
2,096.04 |
|
|
iShares $ Treasury Bond 20+yr UCITS ETF |
IBTL LN |
6,780.73 |
4,160.65 |
1,960.47 |
|
ZKB Gold ETF (CHF) - Acc |
ZGLD SW |
11,023.55 |
1,016.46 |
1,413.83 |
|
iShares Core S&P 500 UCITS ETF - Acc |
CSSPX SW |
61,681.00 |
3,277.35 |
1,342.95 |
|
Vanguard S&P 500 UCITS ETF |
VUSA LN |
38,695.42 |
2,774.59 |
975.30 |
|
Xtrackers II EUR Overnight Rate Swap UCITS ETF - 1C - Acc |
XEON GY |
4,132.97 |
2,893.46 |
852.97 |
|
iShares Edge MSCI USA Quality Factor UCITS ETF - Acc |
IUQA LN |
2,528.32 |
882.61 |
630.96 |
|
L&G US Equity Responsible Exclusions UCITS ETF - Acc |
RIUS LN |
1,842.42 |
1,263.32 |
591.04 |
|
iShares $ Treasury Bond 7-10yr UCITS ETF |
IBTM LN |
8,184.27 |
1,249.89 |
557.98 |
|
iShares MSCI USA ESG Enhanced UCITS ETF |
EEDS LN |
12,192.34 |
1,765.36 |
520.85 |
|
iShares $ High Yield Corp Bond UCITS ETF |
IHYU LN |
5,764.51 |
836.78 |
514.79 |
|
Lyxor Net Zero 2050 S&P 500 Climate PAB (DR) UCITS ETF - Acc |
ZPA5 GY |
2,223.34 |
1,058.73 |
495.39 |
|
Amundi US Treasury Bond 7-10Y UCITS ETF |
7USH GY |
1,480.98 |
806.28 |
445.52 |
|
iShares Core MSCI World UCITS ETF - Acc |
IWDA LN |
55,883.91 |
7,743.48 |
402.43 |
|
HSBC Global Government Bond UCITS ETF - Acc |
HGVU LN |
3,591.68 |
384.38 |
382.52 |
|
iShares MSCI ACWI UCITS ETF - Acc |
ISAC LN |
8,596.90 |
2,108.47 |
366.38 |
|
UBS Irl ETF plc - S&P 500 ESG UCITS ETF - Dis |
S5SD GY |
3,434.23 |
135.37 |
356.00 |
|
iShares S&P 500 Swap UCITS ETF - Acc |
I500 NA |
2,912.79 |
354.73 |
340.55 |
|
iShares $ TIPS UCITS ETF - Acc |
ITPS LN |
5,025.45 |
499.72 |
334.27 |
|
Vanguard FTSE All-World UCITS ETF |
VWRD LN |
18,377.65 |
3,373.38 |
329.42 |
The top 10 ETPs by net new assets collectively gathered $1.24 Bn during October.
Invesco Physical Gold ETC - GBP Hdg Acc (SGLS LN) gathered $621.48 Mn the largest individual net inflow.
Top 10 ETPs by net inflows in October 2023: Europe
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
Invesco Physical Gold ETC - GBP Hdg Acc |
SGLS LN |
685.31 |
612.95 |
621.48 |
|
BTCetc – ETC Group Physical Bitcoin - Acc |
BTCE GY |
769.16 |
227.12 |
149.47 |
|
WisdomTree Copper - Acc |
COPA LN |
1,105.20 |
729.21 |
101.25 |
|
WisdomTree Precious Metals - Acc |
AIGP LN |
143.63 |
90.02 |
97.70 |
|
WisdomTree WTI Crude Oil - Acc |
CRUD LN |
625.90 |
(251.99) |
69.20 |
|
21Shares Solana Staking ETP |
ASOL SW |
173.71 |
90.11 |
65.46 |
|
21Shares Bitcoin ETP - Acc |
ABTC SW |
380.32 |
73.66 |
37.74 |
|
Leverage Shares 3x Tesla ETP - Acc |
TSL3 LN |
151.74 |
101.78 |
36.60 |
|
Xtrackers Physical Gold Euro Hedged ETC - Acc |
XAD1 GY |
1,409.19 |
(482.28) |
33.51 |
|
WisdomTree Brent Crude Oil - Acc |
BRNT LN |
1,732.16 |
248.83 |
24.24 |
Investors have tended to invest in Equity ETFs and ETPs during October.
