The promoters of ETFs enjoyed net inflows of €0.7 bn for October…..
By Detlef Glow, Lipper’s head of EMEA research at Refinitiv
The assets under management in the European ETF industry, €657.1 bn, decreased during October, down from €679.6 bn at the end of September 2018.
Money market ETFs (+€0.5 bn) posted for October the highest net inflows of the European ETF industry.
The best selling Lipper global classification for October was Equity US (+€1.5 bn), followed by Bond USD (+€0.6 bn) and Equity Eurozone (+€0.6 bn).
iShares was the best selling ETF promoter in Europe for October (+€0.9 bn), well ahead of Lyxor ETF (+€0.6 bn) and VanEck (+€0.4 bn).
The ten best selling funds gathered total net inflows of €3.0 bn for October.
The best selling ETF for October, iShares Core MSCI World UCITS ETF USD (Acc), accounted for net inflows of €0.5 bn or 60.79% of the overall net inflows.