ETFGI report on ETFs and ETPs in Europe

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reported today reports that assets invested in the ETFs industry in Europe reached a record of US$2.04 trillion at the end of June. The industry gathered net inflows of US$21.51 billion during June, bringing year-to-date net inflows to US$103.93 billion, according to ETFGI’s June 2024 European ETFs and ETPs industry landscape insights report. (All dollar values in USD unless otherwise noted.)

Highlights

Assets invested in the ETFs industry in Europe reached a record of $2.04 trillion at the end of June beating the previous record of $2.01 Tn at the end of May 2024.
Assets have increased 12.4% YTD in 2024, going from $1.82 Tn at end of 2023 to $2.04 Tn.
Net inflows of $21.51 Bn gathered in June.
YTD net inflows of $103.93 Bn are second highest on record, while the highest YTD net inflows was $111.95 Bn in 2021 and the third highest YTD net inflows were $72.14 Bn in 2023.
21st month of consecutive net inflows.

“The S&P 500 index increased 3.59% in June and is up 15.29% YTD in 2024. The developed markets excluding the US index decreased by 1.40% in June while it is up 4.60% YTD in 2024. France (down 7.88%) and Portugal (down 6.39%) saw the largest decreases amongst the developed markets in June. The emerging markets index increased by 2.97% during June and is up 8.09% YTD in 2024. Taiwan (up 10.09%) and South Africa (up 9.91%) saw the largest increases amongst emerging markets in June,” according to Deborah Fuhr, managing partner, founder, and owner of ETFGI.

Asset growth in the ETFs industry in Europe at the end of June

The ETFs industry in Europe had 3,036 products, with 12,397 listings, assets of $2.04 Tn, from 100 providers listed on 29 exchanges in 24 countries at the end of June.

During June, the ETFs industry gathered net inflows to $21.51 Bn. Equity ETFs gathered net inflows of $16.51 Bn during June, bringing YTD net inflows to $80.19 Bn, higher than the $36.50 Bn in net inflows YTD in 2023. Fixed income ETFs reported net inflows of $2.78 Bn during June, bringing net inflows YTD to $23.80 Bn, lower than the $33.15 Bn in net inflows YTD in 2023. Commodities ETFs reported net inflows of $882.38 Mn during June, bringing YTD net outflows to $4.77 Bn, greater than the $1.09 Bn in net outflows YTD in 2023. Active ETFs attracted net inflows of $1.38 Bn during the month, gathering $5.71 Bn in YTD net inflows, higher than the $3.39 Bn in net inflows YTD in 2023.

Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $13.32 Bn during June. iShares MSCI USA ESG Enhanced UCITS ETF (EEDS LN) gathered $1.23 Bn, the largest individual net inflow.

Top 20 ETFs by net inflows in June 2024: Europe

Name	Ticker	Assets ($ Mn) Jun-24	NNA ($ Mn) YTD-24	NNA ($ Mn) Jun-24
iShares MSCI USA ESG Enhanced UCITS ETF	EEDS LN	18,138.47	1,452.74	1,227.75
iShares Core S&P 500 UCITS ETF – Acc	CSSPX SW	91,838.28	8,539.92	919.14
iShares France Govt Bond UCITS ETF	IFRB LN	1,373.10	978.78	916.94
iShares MSCI Europe ESG Enhanced UCITS ETF	EEUD LN	5,618.53	530.20	799.09
iShares Core MSCI World UCITS ETF – Acc	IWDA LN	78,899.38	5,031.64	792.05
Invesco S&P 500 UCITS ETF – Acc	SPXS LN	28,162.74	2,791.06	731.71
JPMorgan US Research Enhanced Index Equity ESG UCITS ETF – Acc	JREU LN	8,769.38	2,584.38	723.59
BNP Paribas Easy S&P 500 UCITS ETF – Acc	ESE FP	7,265.02	1,448.86	645.17
iShares MSCI USA ESG Screened UCITS ETF – Acc – Acc	SASU LN	8,795.91	1,056.76	644.27
Amundi S&P 500 II UCITS ETF	LSPU LN	12,626.66	1,274.16	641.81
Vanguard FTSE All-World UCITS ETF	VWRD LN	27,230.24	3,198.55	595.34
iShares USD Treasury Bond 0-1yr UCITS ETF	IBTU LN	15,908.51	2,634.76	573.19
Xtrackers II EUR Overnight Rate Swap UCITS ETF – 1C – Acc	XEON GY	9,320.61	4,090.55	553.69
SPDR S&P 500 UCITS ETF	SPY5 GY	15,581.80	5,909.24	536.11
HSBC Global Government Bond UCITS ETF – Acc	HGVU LN	6,875.16	1,829.93	535.10
iShares S&P 500 Swap UCITS ETF – Acc	I500 NA	5,836.20	1,410.18	532.81
Xtrackers MSCI Europe ESG UCITS ETF – 1C – Acc	XZEU GY	2,556.47	464.53	511.48
iShares MSCI India UCITS ETF – Acc	NDIA LN	5,573.60	1,658.22	509.47
Xtrackers MSCI World Index UCITS ETF (DR) – 1C – Acc	XWLD LN	15,929.39	1,442.17	472.96
Vanguard S&P 500 UCITS ETF	VUSA LN	54,319.92	2,108.10	461.09

The top 10 ETPs by net new assets collectively gathered $1.61 Bn during June. iShares Physical Gold ETC – Acc (SGLN LN) gathered $428.40 Mn the largest individual net inflow.

Top 10 ETPs by net inflows in June 2024: Europe

Name	Ticker	Assets ($ Mn) Jun-24	NNA ($ Mn) YTD-24	NNA ($ Mn) Jun-24
iShares Physical Gold ETC – Acc	SGLN LN	15,213.37	(269.68)	428.40
WisdomTree Brent Crude Oil – Acc	BRNT LN	930.86	(872.25)	336.82
AMUNDI PHYSICAL GOLD ETC (C) – Acc	GOLD FP	4,609.68	91.44	301.18
Invesco Physical Gold ETC – Acc	SGLD LN	15,297.97	(1,314.15)	161.87
Hashdex Nasdaq Crypto Index Europe ETP	HASH SW	112.58	90.46	98.51
WisdomTree Core Physical Gold – Acc	WGLD LN	835.54	172.77	66.61
SMO Physical Gold ETC	BARS LN	92.72	93.20	60.62
Xetra Gold EUR – Acc	4GLD GY	13,171.93	(1,587.25)	57.93
WisdomTree Agriculture – Acc	AIGA LN	258.36	41.23	49.76
WisdomTree Industrial Metals – EUR Daily Hedged – Acc	EIMT IM	57.35	40.23	46.54

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

ETFGI is a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, based in London, England. Deborah Fuhr, Managing Partner, Founder, ETFGI website www.etfgi.com.