11.02.2022

ETFs in Europe Suffer First Month of Net Outflows

11.02.2022
ETFs in Europe Suffer First Month of Net Outflows

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported  that the ETFs industry in Europe suffered net outflows of US$5.06 billion in September, bringing year-to-date net inflows to US$61.52 billion. During the month, assets invested in the ETFs industry in Europe decreased by 8.4%, from US$1.37 trillion at the end of August to US$1.26 trillion, according to ETFGI’s September 2022 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 suffered net outflows of $5.06 Bn in September 2022.
  • YTD net inflows of $61.52.
  • 1st month of net outflows.
  • Assets of $1.26 Tn invested in ETFs and ETPs listed in Europe at the end of September 2022.
  • Assets decreased 21.4% YTD in 2022, going from $1.60 Tn at end of 2021 to $1.26 Tn.

“The S&P 500 decreased by 9.21% in September and was down by 23.87% YTD 2022. Developed markets excluding the US decreased by 10.07% in September and are down 27.63% YTD in 2022. Norway (down 18.96%) and Korea (down 18.78 %) saw the largest decreases amongst the developed markets in September. Emerging markets decreased by 10.23 % during September and were down 23.91% in 2022. Philippines (down 16.31%) and Hungary (down 16.07%) saw the largest decreases amongst emerging markets in September.” According to Deborah Fuhr, managing partner, founder and owner of ETFGI.

ETFs industry in Europe had 2,823 products, with 11,562 listings, assets of $1.26 Tn, from 94 providers listed on 28 exchanges in 24 countries at the end of Spetember.

During September, ETFs/ETPs gathered net outflows to US$5.06 billion. Equity ETFs/ETPs gathered net outflows of $1.25 Bn during September, bringing YTD net inflows to $43.09 Bn, lower than the $110.03 Bn in net inflows equity products had attracted at this point in 2021. Fixed income ETFs/ETPs suffered net outflows of $2.72 Bn during September, bringing net inflows for the year through September 2022 to $18.17 Bn, lower than the $33.44 Bn in net inflows fixed income products had attracted by the end of September 2021. Commodities ETFs/ETPs reported net outflows of $2.00 Bn during September, bringing YTD net outflows to $2.52 Bn, lower than the $2.32 Bn in net inflows commodities products had reported year to date in 2021. Active ETFs/ETPs attracted net inflows of $806 Mn over the month, gathering net inflows for the year in Europe of $1.68 Bn, lower than the $5.08 Bn in net inflows active products had reported YTD in 2021.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $10.92 Bn during September. iShares MSCI USA ESG Enhanced UCITS ETF (EEDS LN) gathered $4.71 Bn, the largest individual net inflow.

Source: ETFGI

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