ETFGI reports that assets invested in ETFs industry in Europe reached a record US$1.69 trillion at the end of July

LONDON — August 22, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that assets invested in ETFs industry in Europe reached a record US$1.69 trillion at the end of July. During July the ETFs industry in Europe reported net inflows of US$14.96 billion, bringing year-to-date net inflows to US$87.11 billion. Assets have increased 18.9% YTD in 2023, going from $1.42 trillion at end of 2022 to $1.69 trillion, according to ETFGI's July 2023 European ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Highlights

  • Assets invested in the ETFs industry in Europe reached a record $1.69 Tn at the end of July beating the previous record of $1.62 Tn set at the end of June 2023.
  • Assets have increased 18.9% YTD in 2023, going from $1.42 Tn at end of 2022 to $1.69 Tn.
  • Net inflows of $14.96 Bn gathered in July. 
  • YTD net inflows in 2023 of $87.11 Bn are second highest on record after YTD net inflows of $127.08 Bn in 2021.
  • 10th month of consecutive net inflows. 
  • Equity ETFs and ETPs listed in the Europe gathered net inflows of $43.58 Bn YTD in 2023 are the third highest on record, while the highest recorded YTD net inflows are of $93.86 Bn in 2021 and YTD net inflows of $47.93 Bn in 2022.

“The S&P 500 increased by 3.21% in July and is up 20.65% year-to-date in 2023. Developed markets excluding the US increased by 3.62% in July and are up 15.09% YTD in 2023. Norway (up 8.97%) and Israel (up 8.06%) saw the largest increases amongst the developed markets in July. Emerging markets increased by 6.15% during July and are up 11.08% YTD in 2023. Turkey (up 20.52%) and Pakistan (up 15.89%) saw the largest increases amongst emerging markets in July.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI. 

ETFs industry in Europe asset growth as at the end of July 

At the end of July, the ETFs industry in Europe had 2,986 products, with 11,999 listings, assets of $1.69 Tn, from 101 providers listed on 29 exchanges in 24 countries.

During July, the ETFs industry gathered net inflows to $14.96 billion. Equity ETFs gathered net inflows of 
$7.08 Bn in July, bringing YTD net inflows to $43.58 Bn, lower than the $47.93 Bn in net inflows YTD in 2022. Fixed income ETFs had reported net inflows of $8.72 Bn during July, bringing net inflows YTD to $41.85 Bn, higher than the $15.29 Bn in net inflows YTD in 2022. Commodities ETFs/ETPs reported net outflows of $1.56 Bn during July, bringing YTD net outflows to $2.65 Bn, much lower than the $711 Mn in net inflows YTD in 2022. Active ETFs attracted net inflows of $797 Mn during the month, gathering YTD net inflows of $4.21 Bn, much higher than the $748 Mn in net inflows YTD in 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $10.52 Bn during July. iShares UK Gilts 0-5yr UCITS ETF (IGLS LN) gathered $1.11 Bn, the largest individual net inflow.

Top 20 ETFs by net inflows in July 2023: Europe

Name

Ticker

Assets
($ Mn)
 Jul-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Jul-23

iShares UK Gilts 0-5yr UCITS ETF

IGLS LN

                 3,677.83

                         1,614.12

          1,113.06

Xtrackers S&P 500 Equal Weight UCITS ETF (DR) - 1C - Acc

XDEW GY

                 4,642.63

                         1,059.21

             813.67

Invesco S&P 500 ETF - Acc

SPXS LN

               14,726.20

                         1,005.36

             807.13

iShares Core MSCI World UCITS ETF - Acc

IWDA LN

               59,181.52

                         5,362.73

             794.02

iShares $ Corp Bond UCITS ETF

LQDE LN

                 8,590.59

                         1,775.88

             790.26

iShares USD Treasury Bond 0-1yr UCITS ETF

IBTU LN

               11,227.40

                         1,010.73

             702.23

Lyxor UCITS ETF S&P 500 - Acc

SP5C FP

                 2,675.39

                            673.55

             523.75

iShares J.P. Morgan $ EM Bond UCITS ETF

SEMB LN

                 7,126.13

                           (805.52)

             502.81

iShares Core € Corp Bond UCITS ETF

IEBC LN

               16,542.31

                         4,567.26

             484.02

iShares $ Treasury Bond 20+yr UCITS ETF

IBTL LN

                 4,772.36

                         1,187.87

             405.23

iShares € High Yield Corp Bond UCITS ETF

IHYG LN

                 6,347.81

                         1,097.77

             397.92

iShares MSCI World ESG Enhanced UCITS ETF

EEWD LN

                 3,808.69

                            752.82

             394.87

BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped - Acc

EKLD FP

                 2,027.18

                             (26.05)

             390.25

AMUNDI EURO GOVERNMENT TILTED GREEN BOND - Acc

CB3 FP

                 1,016.13

                            624.41

             384.05

iShares MSCI World SRI UCITS ETF - EUR - Acc

SUSW LN

                 8,684.37

                            366.98

             369.49

iShares Diversified Commodity Swap UCITS ETF - Acc

ICOM LN

                 2,057.43

                            547.47

             356.99

Xtrackers MSCI USA Information Technology Index UCITS ETF DR

XUTC GY

                 1,521.31

                            485.86

             342.43

Xtrackers MSCI USA Index UCITS ETF (DR) - 1C - Acc

XD9U GY

                 6,799.65

                              25.43

             341.17

Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C - Acc

XEON GY

                 2,237.33

                            912.33

             315.28

iShares $ Treasury Bond 7-10yr UCITS ETF

IBTM LN

                 8,508.08

                            920.81

             292.22

The top 10 ETPs by net new assets collectively gathered $319.13 Mn during July.
WisdomTree Copper - Acc (COPA LN) gathered $47.74 Mn the largest individual net inflow.

Top 10 ETPs by net inflows in July 2023: Europe

Name

Ticker

Assets
($ Mn)
 Jul-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Jul-23

WisdomTree Copper - Acc

COPA LN

                 1,348.24

                            857.33

47.74

WisdomTree Brent Crude Oil 3x Daily Short - Acc

3BRS IM

                     41.54

                              33.59

43.17

WisdomTree WTI Crude Oil 3x Daily Short - Acc

3OIS LN

                     44.94

                              20.87

41.84

Royal Mint Responsibly Source Physical Gold ETC - Acc

RMAU LN

                    879.92

                              23.89

34.41

Invesco Physical Gold ETC - EUR Hdg Acc

SGLE IM

                    283.39

                           (305.66)

30.30

WisdomTree Physical Silver - Acc

PHAG LN

                 1,324.34

                           (108.97)

28.81

CoinShares Physical Bitcoin - Acc

BITC SW

                    336.26

                              35.87

26.35

Xtrackers Physical Gold Euro Hedged ETC - Acc

XAD1 GY

                 1,499.07

                           (441.56)

26.28

WisdomTree Energy Transition Metals

WENT IM

                    145.07

                            133.58

20.61

BTCetc – ETC Group Physical Bitcoin - Acc

BTCE GY

                    629.23

                            173.76

19.63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Investors have tended to invest in Equity ETFs/ETPs during July.
 
Contact deborah.fuhr@etfgi.com if you have any questions or comments on the press release or ETFGI events, research or consulting services. 
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