European ETFs industry hits $1trn in assets
The European ETFs and ETP industry hit the $1 trillion in assets mark at the end of 2019, nearly 20 years after the first ETF was listed in Europe.
Latest research from specialised research and consulting firm ETFGI found that assets in the European ETFs/ETPs industry rose to $1.027 trillion, across a total of 2,198 funds and products from 70 providers.
The milestone was reached as the industry received net inflows of $125.25 billion in 2019.
The provider taking in the highest net new money in 2019 was iShares, which saw inflows of $59.82 billion, ahead of UBS ETFs with $15.88 billion and Invesco, which had $12.12 billion of net inflows.