European ETFs break $1trn barrier
Assets in European-listed ETPs have surpassed the $1trn barrier for the first time in a significant milestone for the industry.
According to preliminary data from ETFGI, the European ETP industry grew 4.6% in December to surpass the $1trn mark by the end of the year.
The news comes as the European ETF industry saw record inflows of $108bn last year, according to data from Bloomberg Intelligence, more than double the flows in 2018 and surpassing the previous record set in 2017.
Strong market performance combined with ongoing lowering costs has caused investors to flock to ETFs this year while the saga surrounding high-profile manager Neil Woodford has made investors think twice before betting with ‘star’ fund managers.