ETFGI ETFs industry in Europe gathered US$6.95 billion in net inflows in September

LONDON — October 13, 2023 — ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today that the ETFs industry in Europe gathered net inflows of US$6.95 billion during September, bringing year-to-date net inflows to US$103.00 billion. During the month, assets invested in the European ETF/ETP industry decreased by 3.6% from US$1.66 trillion at the end of August to US$1.60 trillion, according to ETFGI's September 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

  • ETFs industry in Europe gathered net inflows of $6.95 Bn in September.
  • YTD net inflows in 2023 of $103.00 Bn are second highest on record after YTD net inflows of $154.02 Bn in 2021.
  • YTD net inflows of $103.00 Bn are significantly higher than the YTD $61.46 Bn and full year $88.96Bn gathered in 2022.
  • 12th month of consecutive net inflows.
  • Assets have increased 12.6% YTD in 2023, going from $1.42 Tn at end of 2022 to $1.60 Tn.

“The S&P 500 decreased by 4.77% in September and is up 13.07% YTD in 2023. Developed markets excluding the US decreased by 3.54% in September and are up 6.66% YTD in 2023. Netherlands (down 7.90%) and Ireland (down 7.31%) saw the largest decreases amongst the developed markets in September. Emerging markets decreased by 1.86% during September but are up 3.47% YTD in 2023. Thailand (down 9.38%) and Poland (down 9.33%) saw the largest decreases amongst emerging markets in September.” According to Deborah Fuhr, managing partner, founder, and owner of ETFGI. 

Europe ETFs and ETPs asset growth as at the end of September 2023

The ETFs industry in European had 2,932 products, with 11,964 listings, assets of $1.598 Tn, from 99 providers listed on 29 exchanges in 24 countries at the end of Sept.

During September, ETFs gathered net inflows to US$6.95 billion. Equity ETFs gathered net inflows of 
$6.58 Bn over September, bringing YTD net inflows to $55.41 Bn, higher than the $43.05 Bn in net inflows YTD in 2022. Fixed income ETFs had net inflows of $1.39 Bn during September, bringing YTD net inflows to $46.21 Bn, higher than the $18.13 Bn in YTD net inflows in 2022. Commodities ETFs/ETPs reported net outflows of $1.79 Bn during September, bringing YTD net outflows to $4.60 Bn, much lower than the $2.51 Bn in YTD net outflows in 2022. Active ETFs attracted net inflows of $778 Mn over the month, gathering YTD net inflows of $6.03 Bn, much higher than the $1.68 Bn in net inflows YTD in 2022.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $9.06 Bn during September. iShares Core MSCI World UCITS ETF - Acc (IWDA LN) gathered $1.44 Bn, the largest individual net inflow.

Top 20 ETFs by net inflows in September 2023: Europe

Name

Ticker

Assets
($ Mn)
 Sep-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Sep-23

iShares Core MSCI World UCITS ETF - Acc

IWDA LN

               57,154.02

                         7,341.05

          1,443.00

iShares Core S&P 500 UCITS ETF - Acc

CSSPX SW

               61,675.65

                         1,934.39

             719.20

Invesco S&P 500 ETF - Acc

SPXS LN

               14,966.36

                         2,163.83

             674.26

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

XDEW GY

                 5,270.23

                         2,111.18

             622.36

iShares Core € Corp Bond UCITS ETF

IEBC LN

               15,013.73

                         3,809.46

             445.51

iShares MSCI ACWI UCITS ETF - Acc

ISAC LN

                 8,496.61

                         1,742.09

             428.89

Vanguard S&P 500 UCITS ETF

VUSA LN

               38,721.45

                         1,799.29

             419.36

Xtrackers II Eurozone Government Bond UCITS ETF DR - Acc

XGLE GY

                 2,273.90

                            351.89

             408.74

AMUNDI EURO STOXX 50 UCITS ETF DR - EUR (C) - Acc

C50 FP

                 2,091.15

                              95.24

             380.01

Vanguard FTSE All-World UCITS ETF

VWRD LN

               18,615.27

                         3,043.96

             360.05

AMUNDI GOVT BOND HIGHEST RATED EURO INVESTMENT GRADE UCITS ETF DR- Acc

AM3A FP

                    670.50

                            344.45

             354.33

iShares Core EURO STOXX 50 UCITS ETF (DE)

SX5EEX GY

                 6,299.40

                            752.17

             344.19

iShares USD Treasury Bond 0-1yr UCITS ETF

IBTU LN

               11,999.19

                         1,783.59

             335.59

UBS ETFs PLC - Bloomberg Commodity CMCI SF UCITS ETF - Acc

BCFU GY

                    874.78

                            294.72

             334.95

JPMorgan US Research Enhanced Index Equity ESG UCITS ETF - Acc

JREU LN

                 3,782.10

                         1,504.72

             324.60

Amundi MSCI Robotics & AI ESG Screened UCITS ETF - Acc

GOAI FP

                    832.41

                            421.93

             313.53

Lyxor Net Zero 2050 S&P 500 Climate PAB (DR) UCITS ETF - Acc

ZPA5 GY

                 1,778.14

                            563.34

             300.11

Xtrackers II Eurozone Government Bond 7-10 UCITS ETF - Acc

X710 GY

                    861.85

                            403.74

             284.51

JPM Global Research Enhanced Index Equity (ESG) UCITS ETF - Acc

JREG LN

                 2,758.46

                         1,520.82

             282.65

iShares $ Treasury Bond 1-3yr UCITS ETF

IBTS LN

                 9,871.88

                            402.52

             282.05

The top 10 ETPs by net new assets collectively gathered $493.54 Mn during September.
Invesco Physical Gold ETC - EUR Hdg Acc (SGLE IM) gathered $354.39 Mn the largest individual net inflow.

Top 10 ETPs by net inflows in September 2023: Europe

 

Name

Ticker

Assets
($ Mn)
 Sep-23

NNA
($ Mn)
 YTD-23

NNA
($ Mn)
Sep-23

Invesco Physical Gold ETC - EUR Hdg Acc

SGLE IM

                    584.52

                              35.28

             354.39

Xtrackers Physical Gold ETC - Acc

XGLD LN

                    383.58

                             (13.85)

              28.23

WisdomTree WTI Crude Oil 3x Daily Short - Acc

3OIS LN

                     56.56

                              49.85

              18.65

WisdomTree Natural Gas 3x Daily Leveraged - Acc

3NGL LN

                     88.11

                            173.83

              17.80

Royal Mint Responsibly Source Physical Gold ETC - Acc

RMAU LN

                    828.33

                              17.10

              15.50

WisdomTree Brent Crude Oil 3x Daily Short - Acc

3BRS IM

                     26.56

                              22.76

              13.46

WisdomTree Carbon - Acc

CARB LN

                    268.94

                             (55.76)

              13.39

Xtrackers Physical Platinum Euro Hedged ETC - Acc

XAD3 GY

                     59.67

                              13.81

              11.92

SG ETC Natural Gas +3x Daily Leveraged Collateralized - Acc

GAS3L IM

                     10.44

                              35.32

              10.18

WisdomTree NASDAQ 100 3x Daily Leveraged - Acc

QQQ3 LN

                    227.58

                             (58.02)

              10.02

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investors have tended to invest in Equity ETFs and ETPs during September.
 
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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