ETFGI ETFs industry in Europe gathered net inflows of US$8.95 billion in August

LONDON — September 18, 2023 —  ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that the ETFs industry in Europe gathered net inflows of US$8.95 billion in August.    The ETFs industry in Europe gathered net inflows of US$8.95 billion during August, bringing year-to-date net inflows to US$96.05 billion.   Year-to-date, assets have increased 16.9% YTD in 2023, going from $1.42 trillion at end of 2022 to $1.66 trillion, according to ETFGI's August 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

  • ETFs industry in Europe gathered net inflows of $8.95 Bn in August 2023.
  • YTD net inflows in 2023 of $96.05 Bn are second highest on record after YTD net inflows of $138.94 Bn in 2021.
  • 11th month of consecutive net inflows.
  • Assets of $1.66 Tn invested in ETFs industry in Europe at the end of August.
  • Assets have increased 16.9% YTD in 2023, going from $1.42 Tn at end of 2022 to $1.66 Tn.

“The S&P 500 decreased by 1.59% in August but is up by 18.73% YTD in 2023. Developed markets excluding the US decreased by 3.92% in August but are up 10.58% YTD in 2023. Netherlands (down 9.59%) and Hong Kong (down 9.13%) saw the largest decreases amongst the developed markets in August. Emerging markets decreased by 5.08% during August but are up 5.44% YTD in 2023. Colombia (down 12.70%) and Pakistan (down 11.09%) saw the largest decreases amongst emerging markets in August.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

ETFs industry in Europe asset growth as at the end of August 

At the end of August 2023, the ETFs industry in Europe had 2,950 products, with 12,046 listings, assets of $1.66 Tn, from 101 providers on listed on 29 exchanges in 24 countries.

During August, ETFs gathered net inflows to US$8.95 billion. Equity ETFs gathered net inflows of $5.25 Bn during the month, bringing YTD net inflows to $48.83 Bn, higher than the $44.33 Bn in net inflows YTD in 2022. Fixed income ETFs reported net inflows of $2.97 Bn during August, bringing YTD net inflows to $44.81 Bn, higher than the $20.86 Bn in net inflows YTD in 2022. Commodities ETFs/ETPs reported net outflows of $169 Mn during August, bringing YTD net outflows to $2.82 Bn, much lower than the $519 Mn in net outflows YTD in 2022. Active ETFs attracted net inflows of $1.04 Bn during August, gathering YTD net inflows of $5.25 Bn, much higher than the $872 Mn in net inflows YTD in 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $9.25 Bn during August. iShares Core S&P 500 UCITS ETF - Acc (CSSPX SW) gathered $1.05 Bn, the largest individual net inflow.

Top 20 ETFs by net inflows in August 2023: Europe

Name

Ticker

Assets
($ Mn)
 Aug-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Aug-23

iShares Core S&P 500 UCITS ETF - Acc

CSSPX SW

               64,124.64

                         1,215.20

          1,053.49

Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C - Acc

XEON GY

                 3,065.22

                         1,771.54

             859.21

Xtrackers II Germany Government Bond UCITS ETF (DR)

XBTR GY

                 1,378.58

                         1,099.69

             781.09

iShares $ Treasury Bond 20+yr UCITS ETF

IBTL LN

                 5,332.59

                         1,920.99

             733.12

iShares Core MSCI World UCITS ETF - Acc

IWDA LN

               58,299.34

                         5,898.05

             535.33

Invesco S&P 500 ETF - Acc

SPXS LN

               15,025.70

                         1,489.57

             484.21

Vanguard FTSE All-World UCITS ETF

VWRD LN

               19,081.74

                         2,683.91

             483.89

iShares USD Treasury Bond 0-1yr UCITS ETF

IBTU LN

               11,685.86

                         1,448.00

             437.27

Xtrackers S&P 500 Equal Weight UCITS ETF (DR) - 1C - Acc

XDEW GY

                 4,920.51

                         1,488.82

             429.61

Xtrackers S&P 500 Equal Weight ESG UCITS ETF

XZEW GY

                    517.16

                            437.34

             424.82

JPMorgan US Research Enhanced Index Equity ESG UCITS ETF - Acc

JREU LN

                 3,637.66

                         1,180.12

             355.21

Amundi MSCI USA ESG Leaders Select UCITS ETF DR - Acc

SADU GY

                 2,176.81

                            409.49

             351.17

iShares $ Treasury Bond 7-10yr UCITS ETF USD (Acc) - Acc

CSBGU0 SW

                 3,291.02

                            905.63

             348.30

Amundi Bloomberg Equal-weight Commodity ex-Agriculture UCITS ETF - Acc

COMO FP

                 1,968.05

                         1,007.74

             345.06

iShares Core MSCI EM IMI UCITS ETF - Acc

EMIM LN

               18,462.35

                         2,072.46

             317.35

iShares UK Gilts 0-5yr UCITS ETF

IGLS LN

                 3,942.63

                         1,906.03

             291.90

HSBC MSCI World UCITS ETF

HMWO LN

                 6,394.41

                         1,097.00

             272.00

iShares € Govt Bond 15-30yr UCITS ETF

IBGL LN

                 1,163.46

                            628.04

             257.78

Vanguard S&P 500 UCITS ETF

VUSA LN

               40,092.95

                         1,379.94

             255.77

Amundi MSCI World ESG Leaders UCITS ETF - Acc

MWOP GY

                    523.90

                            532.52

             236.33

The top 10 ETPs by net new assets collectively gathered $357.95 Mn during August.
WisdomTree Energy Enhanced - EUR Hdg Acc (BENE LN) gathered $115.83 Mn the largest individual net inflow.

Top 10 ETPs by net inflows in August 2023: Europe

Name

Ticker

Assets
($ Mn)
 Aug-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Aug-23

WisdomTree Energy Enhanced - EUR Hdg Acc

BENE LN

                    119.34

                            113.82

             115.83

WisdomTree Physical Gold - EUR Daily Hedged - Acc

GBSE GY

                    510.15

                            102.35

              72.10

Xtrackers IE Physical Gold  ETC Securities - GBP Hdg Acc

XGDG LN

                    326.09

                             (27.51)

              54.88

Leverage Shares 3x Tesla ETP - Acc

TSL3 LN

                    299.37

                              67.67

              24.20

Xetra Gold EUR - Acc

4GLD GY

               13,992.31

                           (420.86)

              20.35

WisdomTree Natural Gas 3x Daily Leveraged - Acc

3NGL LN

                     95.21

                            156.04

              19.71

WisdomTree Brent Crude Oil 2x Daily Leveraged - Acc

LBRT LN

                     45.44

                              11.92

              15.08

WisdomTree Core Physical Gold - Acc

WGLD LN

                    592.23

                              22.50

              13.39

SG Natural Gas Futures +3X Daily Leverage ETC

GASL3 IM

                     21.34

                              53.07

              11.47

Xtrackers IE Physical Gold ETC Securities - Acc

XGDU LN

                 3,150.77

                           (440.66)

              10.95

 

Investors have tended to invest in Equity ETFs/ETPs during August. Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services. 

 

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