UBS and Invesco appear in top 3 ETF sellers
UBS and Invesco followed BlackRock’s iShares as the main winners from exchange-traded fund (ETF) flows in 2019 – the year in which assets in European ETFs and similar products surpassed the $1 trillion milestone for the first time.
iShares had the largest net inflows in 2019 at nearly $60 billion, followed by UBS ETFs with $15.9 billion and Invesco with $12.12 billion.
Over $125 billion flowed into European-domiciled ETFs last year, including $20.44 billion in December, with total assets under management finishing the year at $1.027 trillion.
It is nearly 20 years since the first ETF was listed in Europe, noted ETFGI, the consultancy that compiled the figures. There are now over 2,100 ETFs and exchange-traded products in Europe.