ETFGI reports ETFs Industry in Europe Set New Record for YTD Net Inflows of US$432.45 Billion Through September 2026

Press Release

LONDON — October 15, 2026 — 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, reported today that ETFs Industry in Europe set new record for YTD net inflows of US$432.45 billion through September 2026. Assets of US$3.94 trillion were invested in the ETFs industry in Europe at the end of September, according to ETFGI's September 2026 European ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. ETFGI, is a 14 year old leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, 6 annual ETFGI Global ETFs Insights Summits, and ETF TV on global ETF industry trends. (All dollar values in USD unless otherwise noted.)


Highlights

  • Assets of $3.94 Tn were invested in the ETFs industry in Europe at the end of September, below the record high assets of $3.97 Tn at the end of August 2026.
  • Assets increased 22.4% YTD in 2026, going from $3.22 Tn at end of 2025 to $3.94 Tn.
  • Net inflows of $51.04 Bn in September 2026.
  • YTD net inflows of $432.45 Bn are the highest on record, while the second highest YTD net inflows are $290.92 Bn in 2025 and the third highest YTD net inflows are $176.24 Bn in 2024.
  • YTD net inflows of $432.45 Bn in Europe are beating the full year net inflows record of $396.84 Bn in 2025

  • 48th month of consecutive net inflows.

 

Register now to join us on November 19th in London for our 7th Annual ETFGI Global ETFs Insights Summit – Europe and Africa and virtually on November 20th.

“Equity market performance weakened in September across both developed and emerging markets. While the S&P 500 declined 0.35%, it remained up 12.75% for the year. Developed markets excluding the U.S. fell 2.72% in September but continued to show strong gains of 14.86% year-to-date. New Zealand and Luxembourg experienced the largest declines among developed markets. Emerging markets also retreated, falling 1.77% during the month, although they remained up 11.26% in 2026. Turkey and the Czech Republic recorded the steepest declines among emerging markets,” said Deborah Fuhr, Managing Partner, Founder, and Owner of ETFGI. 

Growth in assets in the ETFs industry in Europe as of the end of September

Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: “ETFs” are typically open-end index funds that provide daily portfolio transparency, are listed and traded on exchanges like stocks on a secondary basis as well as utilising a unique creation and redemption process for primary transactions. “ETPs” refers to other products that have similarities to ETFs in the way they trade and settle but they do not use a mutual fund structure. The use of other structures including grantor trusts, partnerships, notes and depositary receipts by ETPs can create different tax and regulatory implications for investors when compared to ETFs which are funds.

ETF providers

At the end of September 2026, the European ETF industry had $3.94 trillion in assets invested in 4,126 ETFs, with 16,880 listings, assets of $3.94 Tn, from 187 providers listed on 31 exchanges in 25 countries at the end of September. 

The top five providers remained highly dominant, managing $2.93 trillion in assets across 1,420 ETFs, representing 74.1% of total industry assets.

The top five ETF providers captured two-thirds of all net new assets invested in European-listed ETFs during the first nine months of 2026, highlighting the continued concentration of flows among the industry's largest firms.

  • iShares is the largest ETF provider in Europe, managing 514 ETFs with $1.53 trillion in assets and a 38.8% market share. The firm attracted $124.9 billion in net new assets (NNA) year-to-date, accounting for nearly 29% of all industry inflows.
  • Amundi ETF is the second-largest provider, with 372 ETFs and $489.8 billion in assets. The firm gathered $51.8 billion in net inflows year-to-date, maintaining its position as the leading continental European ETF provider.
  • Xtrackers, the ETF platform of Deutsche Bank, ranks third with 308 ETFs and $397.2 billion in assets. The firm attracted $36.3 billion in net inflows year-to-date.
  • Vanguard ranks fourth with 49 ETFs and $298.8 billion in assets. Despite having the smallest product range among the top five providers, Vanguard gathered $46.6 billion in net inflows, demonstrating exceptionally strong asset-gathering efficiency and continued demand for its low-cost offerings.
  • UBS ETFs completes the top five with 177 ETFs and $210.0 billion in assets. The firm attracted $26.0 billion in net inflows year-to-date, more than doubling the amount gathered during the same period in 2025.

 

Net Inflows

  • European-listed ETFs gathered net inflows of $51.04 billion in September 2026 bringing YTD net net inflows to a record $432.45 Bn are the highest on record and ahead of full year net inflows.

  • YTD net inflows of $432.45 Bn in Europe are beating the full year net inflows record of $396.84 Bn in 2025

  • Equity ETFs led asset gathering in September, attracting $26.30 billion in net inflows and bringing year-to-date net inflows to $287.96 billion, significantly higher than the $196.33 billion gathered during the same period in 2025. 

  • Fixed income ETFs attracted $9.41 billion in net inflows during September, lifting year-to-date net inflows to $82.28 billion, compared with $48.40 billion at the end of September 2025. 

  • Commodity ETFs gathered $2.94 billion in net inflows during September, bringing year-to-date net inflows to $15.60 billion, slightly below the $15.81 billion recorded over the same period in 2025. 

  • Active ETFs continued to see strong investor demand, attracting $6.31 billion in net inflows during September and bringing year-to-date net inflows to $41.36 billion, well above the $27.14 billion gathered through September 2025. 

  • Equity, fixed income, and active ETFs have all attracted significantly higher year-to-date inflows in 2026 than they had by the end of September 2025, highlighting continued strong investor demand for ETFs across Europe.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $17.54 Bn in September. Vanguard FTSE All-World UCITS ETF (VWRD LN) gathered $3.07 Bn, the largest individual net inflow.

Top 20 ETFs by net new assets September 2026: Europe

Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available.

 

The top 10 ETPs by net new assets collectively gathered $9.45 Bn during September. SG ETC Daily Short -3X Wti Oil Future (WTI3S IM) gathered $6.10 Bn, the largest individual net inflow.

Top 10 ETPs by net new assets September 2026: Europe

Source: ETFGI data sourced from ETF/ETP sponsors, exchanges, regulatory filings, Thomson Reuters/Lipper, Bloomberg, publicly available sources and data generated in-house. Note: This report is based on the most recent data available at the time of publication. Asset and flow data may change slightly as additional data becomes available.

 

Investors have tended to invest in Equity ETFs during September.

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 7th Annual ETFGI Global ETFs Insights Summit - Europe & Africa, taking place on November 19 in London and November 20 virtually.

Designed as an educational event for financial advisors and institutional investors, the Summit brings together leading investors, issuers, regulators, exchanges and trading firms to discuss the trends transforming the ETF industry, including:

  • Active ETFs
  • Regulatory Developments
  • Trends in Retail Use of ETFs
  • Best Practices in Trading ETFs and the Move to T+1
  • How Investors are Selecting and Using ETFs
  • Tokenisation, Digital Assets and Virtual Assets
  • Thematic and Index Innovation
  • Cross-Border Investment Opportunities
  • How to Successfully Bring a New ETF to Market
  • Women in ETFs Career Panel
  • The Future of the Asset Management and ETF Industry

Why Attend?

The in-person event in London will feature a full day of thought leadership, industry insights and networking with senior decision-makers from across the UK, Europe and Africa, followed by a networking drinks reception.

The virtual program will provide a unique opportunity to hear directly from exchanges and market leaders discussing the ETF landscape and outlook across:

Botswana • Egypt • Ghana • Israel • Kenya • Mauritius • Namibia • Nigeria • South Africa • Tanzania • Tunisia • Turkey • Zimbabwe

Attendees will gain first-hand insights into ETF development, investor adoption trends, regulatory developments and future opportunities across these markets.

SPEAKERS WILL INCLUDE:

  • Tiaan Bazuin, Chief Executive Officer, Namibia Securities Exchange
  • Justin Bgoni, Group CEO, ZSE Holdings
  • Aniruddha Chatterjee, CEO - NSE Indices, Data and Cogencis, NSE Indices Limited
  • Jude Chiemeka, CEO, Nigerian Exchange Limited
  • James Cullinane, Managing Associate, Simmons & Simmons LLP
  • Hazel Doyle, Partner, K&L Gates
  • Bradley Duke, Managing Director, Head of Europe, Bitwise
  • Catharine Dwyer, Firm Authorisations Manager and Advisory Unit Lead, Capital Markets & Funds Division, Central Bank of Ireland
  • Deborah Fuhr, Managing Partner & Founder, ETFGI
  • Dr. Güzhan Gülay, Executive Vice President, Borsa Istanbul
  • James Hodgson, Senior Associate, Asset Management and Investment Funds Group, Arthur Cox LLP
  • Mhairi Jackson, Asset Management Policy Manager, FCA
  • Patrick Mattar, Head of ETPs, Allfunds
  • Anita Mo, CEO and Head of Client Management, Hang Seng Indexes Company
  • Andrea Murray, ETF European Business Development,, Brown Brothers Harriman 
  • Frank Mwiti, CEO, Nairobi Securities Exchange
  • Fotios Kassianidis, PhD, Head of Indexed Investments & Solutions (IIS), MSCI
  • Stefan Kuhn, Head of ETF Distribution EMEA, Fidelity International
  • Tony O’Brien, Chief Commercial Officer, Ireland, U.S. Bank
  • Steve Palmer, Head of ETF Solutions, Royal London Asset Management
  • Chris Püllen, CEO & Co-Founder, NaroIQ
  • Valdene Reddy, JSE Group CEO, JSE Ltd 
  • Miranda Seath, Director, Market Insight & Fund Sectors, The Investment Association

Additional speakers will be announced in the coming weeks.

EVENT DETAILS:

📅 19 November 2026 (London) and 20 November 2026 (Virtual)
📍 One Moorgate Place, Chartered Accountants Hall, 1 Moorgate Place London EC2R 6EA, United Kingdom
⏰ Full day conference followed by a networking drinks reception hosted by Waystone
🆓 Complimentary registration available for CFA Charterholders and CFA Society members, Buy-side institutional investors and Financial advisors
 📚 Educational credits available

📋View the agenda, speakers, and topics from last year's successful annual ETFGI Global ETFs Insights Summit - Europe & Africa here.
 

Register today and join the leading voices shaping the future of ETFs, digital assets, tokenisation and investment innovation across Europe and Africa.

Register to join one or more of our upcoming ETFGI Global ETFs Insights Summits in 2026:

  • 7th Annual - Europe & Africa, November 19th in London and November 20th virtual.
  • 8th Annual - Canada, December 8th in Toronto at Borden Ladner Gervais LLP (BLG)'s office. Early bird expires on Oct 27th.
  • 7th Annual - Middle East & GCC in Dubai, TBC

Register to join upcoming ETFGI Global ETFs Insights Summits in 2027:

  • 8th Annual - Latin America, day 1 in Mexico City and day 2 virtual. 
  • 8th Annual - Asia Pacific, day 1 in Hong Kong and day 2 virtual. 
  • 8th Annual - United States, in New York City.

ETFGI is a leading independent research and consultancy firm with 14 years of experience, recognized for its expertise in subscription research, consulting services, 6 annual regional in person ETFGI Global ETFs Insights Summit events that cover all ETFs listed global on 81 exchanges in 63 countries, and ETF TV, covering global ETF industry trends. Interested in subscribing to ETFGI’s research email: contact@etfgi.com

ETF TV (www.ETFtv.net) is an on-demand program that highlights newly launched exchange-traded funds, products, and notes, while exploring the most pressing topics shaping the ETF landscape. Each episode brings together leading voices from across the industry—including issuers, investors, benchmark providers, and traders—to discuss the trends and developments influencing the use and management of exchange-traded products.

Every show features insightful interviews with key market participants, offering expert perspectives on the issues that matter most to the ETF community. ETF TV also offers the opportunity to create sponsored episodes, allowing partners to collaborate with us in producing custom content tailored to their brand and messaging.

If you’re interested in sponsoring or speaking at one of our upcoming ETFGI Global ETFs Insights Summits, subscribing to any of ETFGI’s annual research services (www.ETFGI.com), sponsoring an episode of ETF TV (www.ETFtv.net), exploring our consulting offerings, or if you have any questions, please reach out to us at  deborah.fuhr@etfgi.com and margareta.hricova@etfgi.com.

Contact: 
Deborah Fuhr 
Managing Partner, Founder 
ETFGI 
Mobile: +44 777 5823 111 
Email: deborah.fuhr@etfgi.com 
Web: www.etfgi.com 

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