By Deborah Fuhr, Managing Partner at ETFGI
ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs and ETPs listed in Europe gathered net inflows of US$6.42 billion at the end of February, bringing year-to-date net inflows to US$21.20 billion.
Assets invested in the European ETFs/ETPs industry have decreased by 4.0%, from US$1.04 trillion at the end of January, to US$997.48 billion, according to ETFGI’s February 2020 European ETFs and ETPs industry landscape insights report. (All dollar values in USD unless otherwise noted.)
Highlights
- ETFs and ETPs listed in Europe attracted $6.42 billion in net inflows in February, the 5th highest February inflow on record.
- Assets invested in the European ETFs/ETPs industry at $997.48 billion is the 3rd highest on record.
- Fixed Income and Commodities attracted the largest monthly inflows among the asset classes of $2.58 billion and $2.25 billion respectively.
“At the end of February, the S&P 500 was down 8.2% as coronavirus cases continued to spread and the potential economic impact weighed on investors and the markets. Outside the U.S., the S&P Developed ex-U.S. BMI declined nearly 9.0%. The S&P Emerging BMI lost 5.1% during the month. Global equities as measured by the S&P Global BMI ended down 8.1% with 49 of 50 included country indices down, while China gained 0.9%.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.
At the end of February 2020, the European ETFs/ETPs industry had 2,196 ETFs/ETPs, with 8,456 listings, from 67 providers on 27 exchanges in 23 countries.
Equity ETFs/ETPs listed in Europe gathered net inflows of $1.06 billion in February, bringing net inflows for the year 2020 to $8.81 billion, lower than the $11.03 billion in net inflows equity products had attracted at this point in 2019.
Fixed income ETFs/ETPs listed in Europe gathered net inflows of $2.58 billion in February, bringing net inflows for the year to $7.48 billion, lower than the $13.27 billion in net inflows fixed income products had attracted at this point in 2019.
Commodity ETFs/ETPs reported $2.25 billion in net inflows bringing net inflows to $4.44 billion for2020, which is greater than the $896 million in net inflows gathered year to date in 2019.
Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $7.98 billion at the end of February. The UBS ETF-MSCI Emerging Markets UCITS ETF A – Acc (EMMUSC SW) gathered $1.03 billion alone.
Top 20 ETFs by net inflows in February 2020: Europe
| Name | Ticker | Assets (US$ Mn) Feb-20 |
NNA (US$ Mn) YTD-20 |
NNA (US$ Mn) Feb-20 |
| UBS ETF-MSCI Emerging Markets UCITS ETF A – Acc | EMMUSC SW | 3,938.75 | 1,048.67 | 1,030.03 |
| iShares Core € Corp Bond UCITS ETF | IEAA LN | 1,370.77 | 925.58 | 913.39 |
| Invesco S&P 500 ETF | SPXS LN | 7,633.68 | 684.40 | 665.03 |
| Xtrackers II EUR Corporate Bond UCITS ETF DR | XBLC GY | 2,340.67 | 584.83 | 555.94 |
| Xtrackers II Japan Government Bond UCITS ETF | XJSE GY | 1,077.70 | 414.07 | 401.46 |
| SPDR S&P Euro Dividend Aristocrats UCITS ETF | SPYW GY | 2,227.86 | 390.69 | 363.57 |
| iShares $ Treasury Bond 7-10yr UCITS ETF | IBTM LN | 4,840.77 | 634.81 | 359.76 |
| iShares Core MSCI EM IMI UCITS ETF | EMIM LN | 14,324.59 | 481.65 | 312.94 |
| iShares € Inflation Linked Govt Bond UCITS ETF | IBCI LN | 2,027.83 | 294.43 | 307.65 |
| iShares Edge MSCI World Momentum Factor UCITS ETF | IWMO LN | 1,594.72 | 481.01 | 301.75 |
| Invesco European Banks Sector ETF | X7PS GY | 275.91 | 300.19 | 300.35 |
| iShares Core MSCI World UCITS ETF | IWDA LN | 21,828.86 | 756.79 | 299.47 |
| iShares MSCI USA SRI UCITS ETF | SUAS LN | 2,088.82 | 390.50 | 291.81 |
| iShares MSCI World SRI UCITS ETF – EUR – Acc | SUSW LN | 967.23 | 350.01 | 289.71 |
| iShares MSCI France UCITS ETF | ISFR LN | 321.07 | 287.25 | 287.25 |
| iShares Core € Govt Bond UCITS ETF | SEGA LN | 2,970.52 | 206.29 | 277.20 |
| iShares MSCI World ESG Screened UCITS ETF Acc | SAWD LN | 378.98 | 285.69 | 273.23 |
| AMUNDI ETF S&P 500 UCITS ETF EUR C | 500 FP | 2,235.04 | 281.03 | 269.45 |
| UBS ETF (CH) – MSCI Switzerland (CHF) A-dis | SWICHA SW | 604.00 | 229.50 | 241.20 |
| Xtrackers S&P 500 Swap UCITS ETF | D5BM GY | 6,929.73 | (169.62) | 233.99 |
The top 10 ETPs by net new assets collectively gathered $2.22 billion at the end of February. The Xtrackers Physical Gold ETC (EUR) (XAD5 GY) gathered $511 million alone.
Top 10 ETPs by net inflows in February 2020: Europe
| Name |
Ticker |
Assets |
NNA |
NNA |
| Xtrackers Physical Gold ETC (EUR) |
XAD5 GY |
4,090.03 |
563.53 |
511.12 |
| iShares Physical Gold ETC |
SGLN LN |
8,905.02 |
1,159.31 |
296.22 |
| WisdomTree Physical Swiss Gold |
SGBS LN |
3,144.31 |
290.92 |
235.83 |
| Amundi Physical Metals PLC |
GOLD FP |
1,522.42 |
372.91 |
234.96 |
| WisdomTree WTI Crude Oil 1x Daily Short |
SOIL LN |
241.28 |
213.07 |
214.72 |
| Xetra Gold EUR |
4GLD GY |
10,796.96 |
330.30 |
190.47 |
| Royal Mint Physical Gold ETC Securities |
RMAU LN |
183.90 |
184.88 |
184.88 |
| WisdomTree WTI Crude Oil |
CRUD LN |
523.74 |
164.07 |
172.49 |
| WisdomTree Physical Gold |
PHAU LN |
7,396.65 |
(180.14) |
118.86 |
| Invesco Gold ETC |
SGLD LN |
7,849.29 |
304.66 |
58.75 |
Investors have tended to invest in Fixed Income ETFs and ETPs in February.
