ETFGI reports the ETFs industry in Europe celebrates its 24th anniversary with record assets of nearly 2 trillion US dollars
Press Release
LONDON — April 15, 2024— ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reports the ETFs industry in Europe celebrates its 24th anniversary with record assets of nearly 2 trillion US dollars. The first European-listed ETFs made their debut on April 11, 2000. These two ETFs were based on the Euro Stoxx 50 and the Stoxx Europe 50 indices, and they were listed on Deutsche Boerse in Germany.
Assets invested in the ETFs industry in Europe reached a record US$1.96 trillion at the end of March. During March the ETFs industry in Europe gathered net inflows of US$11.02 billion, bringing year-to-date net inflows to US$49.52 billion, according to ETFGI's March 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
- Assets invested in the ETFs industry in Europe reached a record $1.96 Tn at the end of March beating the previous record of $1.90 Tn at the end of February 2024.
- Assets increased 7.8% YTD in 2024, going from $1.82 Tn at end of 2023 to $1.96 Tn.
- Net inflows of $11.02 Bn in March 2024.
- YTD net inflows of $49.52 Bn are third highest on record after YTD net inflows of $59.30 Bn in 2021 and YTD net inflows of $49.73 Bn in 2022.
- 18th month of consecutive net inflows.
“The S&P 500 index increased by 3.22% in March and is up 10.56% YTD in 2024. The developed markets excluding the US index increased by 3.62% in March and is up 5.26% YTD in 2024. Spain (up 10.72%) and Italy (up 6.34%) saw the largest increases amongst the developed markets in March. The Emerging markets index increased by 1.50% during March and was up 2.08% YTD in 2024. Peru (up 10.27%) and Columbia (up 8.19%) saw the largest increases amongst emerging markets in March”, according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.
Asset growth in the ETFs industry as at the end of March
At the end of March, the ETFs industry in Europe had 3,037 products, with 12,209 listings, assets of
$1.96 Tn, from 99 providers listed on 29 exchanges in 24 countries.
During March, ETFs gathered net inflows to $11.02 Bn. Equity ETFs gathered net inflows of $9.81 Bn during March, bringing YTD net inflows to $39.30 Bn, higher than the $19.38 Bn in net inflows equity YTD in 2023. Fixed income ETFs reported net inflows of $719.00 Mn during March, bringing YTD net inflows to $11.25 Bn, lower than the $15.49 Bn in net inflows YTD in 2023. Commodities ETFs reported net outflows of $75.35 Mn during March, bringing YTD net outflows to $2.32 Bn, lower than the $1.67 Bn in net inflows YTD in 2023. Active ETFs attracted net inflows of $670.27 Mn over the month, gathering net inflows for the year in Europe of $2.33 Bn, higher than the $2.17 Bn in net inflows YTD in 2023.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $9.63 Bn during March. iShares Core S&P 500 UCITS ETF - Acc (CSSPX SW) gathered $918.91 Mn, the largest individual net inflow.
Top 20 ETFs by net inflows in March 2024: Europe
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
CSSPX SW |
84,308.60 |
4,744.81 |
918.91 |
|
|
UBS ETF (LU) MSCI United Kingdom UCITS ETF (GBP) A-acc - Acc |
UKGBPB SW |
2,485.72 |
653.33 |
753.94 |
|
Invesco MSCI USA ESG Universal Screened UCITS ETF - Acc |
ESGU LN |
2,188.25 |
792.66 |
741.48 |
|
Xtrackers II EUR Overnight Rate Swap UCITS ETF - 1C - Acc |
XEON GY |
7,281.96 |
2,089.43 |
596.35 |
|
HSBC S&P 500 UCITS ETF |
HSPX LN |
6,756.08 |
661.46 |
562.23 |
|
iShares MSCI EM ESG Enhanced UCITS ETF |
EEDM LN |
5,000.88 |
886.95 |
556.22 |
|
Vanguard FTSE All-World UCITS ETF |
VWRD LN |
24,771.34 |
1,410.78 |
545.51 |
|
Invesco S&P 500 UCITS ETF - Acc |
SPXS LN |
25,176.99 |
939.08 |
497.72 |
|
iShares MSCI ACWI UCITS ETF - Acc |
ISAC LN |
12,806.01 |
1,453.06 |
469.35 |
|
iShares USD Treasury Bond 0-1yr UCITS ETF |
IBTU LN |
14,990.95 |
1,433.49 |
431.07 |
|
iShares € High Yield Corp Bond UCITS ETF |
IHYG LN |
7,694.75 |
1,427.77 |
413.53 |
|
SPDR S&P 500 UCITS ETF |
SPY5 GY |
12,491.17 |
3,418.58 |
388.74 |
|
iShares Core MSCI World UCITS ETF - Acc |
IWDA LN |
75,051.88 |
3,236.70 |
382.75 |
|
Amundi Bloomberg Equal-weight Commodity ex-Agriculture UCITS ETF - Acc |
COMO FP |
1,668.95 |
367.30 |
378.26 |
|
iShares STOXX Europe Small 200 UCITS ETF (DE) |
SCXPEX GY |
916.86 |
401.43 |
357.42 |
|
Amundi MSCI Japan UCITS ETF - Acc |
LCUJ GY |
4,400.85 |
158.96 |
343.86 |
|
UBS ETF (CH) - MSCI Switzerland (CHF) A-dis - Acc |
SWICHA SW |
1,126.17 |
354.69 |
335.87 |
|
SPDR MSCI World UCITS ETF - Acc |
SPPW GY |
5,653.51 |
715.38 |
324.95 |
|
Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF |
ZPA5 GY |
3,965.66 |
925.46 |
320.42 |
|
JPMorgan US Research Enhanced Index Equity ESG UCITS ETF - Acc |
JREU LN |
7,047.30 |
1,230.55 |
315.09 |
The top 10 ETPs by net new assets collectively gathered $1.69 Bn during March. WisdomTree Physical Silver - Acc (PHAG LN) gathered $832.90 Mn the largest individual net inflow.
Top 10 ETPs by net inflows in March 2024: Europe
|
Name |
Ticker |
Assets |
NNA |
NNA |
|
WisdomTree Physical Silver - Acc |
PHAG LN |
2,057.21 |
793.35 |
832.90 |
|
iShares Physical Silver ETC - Acc |
SSLN LN |
785.65 |
254.30 |
245.97 |
|
Xtrackers IE Physical Gold ETC Securities - Acc |
XGDU LN |
3,640.08 |
231.87 |
167.72 |
|
AMUNDI PHYSICAL GOLD ETC (C) - Acc |
GOLD FP |
4,575.61 |
307.29 |
127.12 |
|
Xtrackers Physical Gold ETC (EUR) - Acc |
XAD5 GY |
2,202.38 |
92.10 |
80.28 |
|
WisdomTree Copper - Acc |
COPA LN |
1,667.78 |
337.85 |
68.51 |
|
Xtrackers Physical Gold Euro Hedged ETC - Acc |
XAD1 GY |
1,335.65 |
5.06 |
50.49 |
|
SG ETC FTSE MIB -3x Daily Short Collateralized - Acc |
MIB3S IM |
33.07 |
88.10 |
40.49 |
|
21Shares Toncoin Staking ETP |
TONN SW |
40.81 |
39.94 |
39.94 |
|
Invesco Physical Gold ETC - EUR Hdg Acc |
SGLE IM |
564.18 |
59.65 |
33.11 |
Investors have tended to invest in Equity ETFs during March.
Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services.
? Register now to join us at our 5th Annual ETFGI Global ETFs Insights Summits Latin America - on May 28th at Bolsa Mexicana de Valores in Mexico City from 10:30am - 6:30pm including a drinks reception in partnership with CFA Society Mexico, Mujeres en Finanzas and Women in ETFs, and virtual sessions on May 29th.
Speakers will include (check our website for updates):
- Pablo Bernal - Head of Wealth Sales Latam, Vanguard
- Luis Berruga, previously the CEO, Global X
- Reginald M. Browne, Principal, Global Trading Systems "GTS"
- Felipe Cousino, Partner, Alessandri Attorneys at Law
- Deborah Fuhr, Managing Partner, Founder, ETFGI
- Luis Garcia, Head of Mexico Wealth, BlackRock
- Eduardo Flores Herrera, Partner, White & Case LLP
- Laura Herrera, CFA. Portfolio Manager, La Firma Capital
- Juan Hernandez, Head of Latin America, Vanguard
- Ethan Johnson, Partner, Morgan Lewis
- Ximena Sánchez Kehr, Head of the International Quotation System, Bolsa Mexicana de Valores
- Omar Morales, CFA. CIO, Tec de Monterrey Endowment
- Luis Gabriel Morcillo, Partner, Brigard Urrutia Abogados
- Mohamed M'Rabti, Chief Commercial Officer FMCs, Euroclear
- Sebastian Rey Ortega, Head Trader, GBM
- Guillermina Pagaza, Executive Director, CFA Society Mexico
- Adriana Rangel, Head of Institutional Business Development, Vanguard International – LATAM, WE, Women in Finance
- Fernando Rodríguez, CFA. Director de Inversiones, Afore Profuturo
- Miguel Ruiz, ETF Sales and Trading, Jane Street
Topics will include:
In person:
- Regulations and Listings in Mexico
- “UCITS ETFs in Latin America – the growth story so far and future challenges and opportunities"
- Trading of ETFs – best practices when trading local, US, UCITS ETFs
- ETFs Update on the use of ETFs in Chile, Columbia and Peru
- Trends in the Use of ETFs in Mexico
- Fireside Chat
- Key trends in the global ETF industry from ETFGI’s research
Virtual:
- How Investors are Using ETFs in Peru
- How investors are using ETFs in Colombia
- Trends in the ETFs and Mutual Fund Industry in Brazil
- How investors are using ETFs in Argentina
- How Offshore US investors are using ETFs
- Assessing the Opportunity for ETFs in Uruguay
The Summit is designed to facilitate a substantive and in-depth discussion on the market structure, regulatory, trading, and technological developments impacting the use of and opportunity for local, US domiciled and UCITS ETFs by various types of investors in Latin America. Panels will discuss the current and future use of ETFs by various types of investors and the regulatory requirements for local ETFs, US domiciled and UCITS ETFs to be marketed, sold and bought in Mexico, Brazil, Chile, Colombia, Peru, Uruguay and Argentina.
The event is designed for financial advisors, institutional investors, brokerage firms and people that work in the ETF ecosystem locally and globally.
? May 28th - at Bolsa Mexicana de Valores in Mexico City from 10:30am - 6:30pm including a drinks reception in partnership with CFA Society Mexico, Mujeres en Finanzas and Women in ETFs
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