Monday, 13 February 2023

Detlef and Lucky

What a team!

Hello,

Please see attached the Refinitiv Lipper "European ETF Industry Review: 2022" - authored by Detlef Glow, Head of Lipper EMEA Research at Refinitiv.

'Was that Lucky, boss?'

Don't be silly, Voice. That was Hayley.

Key points include:

ETF promoters in Europe experienced estimated net inflows of €80.2 bn for 2022.
Assets under management in the European ETF industry stood at €1,242.2 bn) at the end of December 2022.
6.18% of the assets under management were invested in ESG-related ETFs.
Equity ETFs (+€51.1 bn) posted the highest estimated net inflows in the European ETF industry for 2022.
The best-selling Lipper global classification for 2022 was Equity Global (+€27.2 bn), followed by Bond USD Government (+€18.4 bn) and Equity U.S. (+€12.2 bn).
iShares was the best-selling ETF promoter in Europe for 2022 (+€44.0 bn), ahead of Amundi ETF (+€11.6 bn) and SPDR (+€5.3 bn).
The ETF promoters in Europe launched 374 new products (all share classes).
Total Expense Ratios (TERs) for all asset types stood on the same level as at the end of 2021.

That wasn't Lucky either. Hayley again.

This is Lucky -

EUROPEAN ETF INDUSTRY REVIEW2022  Author Detlef         Glow  Head            of Lipper EMEA Research Refinitiv   European ETF Industry and Market Review 2022  2 Executive Summary ETF promoters in Europe experienced estimated net inflows of €80   2 bn for 2022 assets under management in the European ETF industry stood at €1   242    2 bn at the end of December 2022     6    18% of the assets under management were invested in ESG   related ETFsEquity ETFs +€51   1 bn posted the highest estimated net inflows in the European ETF industry for 2022 the best   selling Lipper global classification for 2022 was Equity        Global +            €27  2 bn followed by Bond USD Government +€18   4      bn and Equity U    S     €12  2 bn iShares was the best    selling ETF promoter in Europe for 2022+€44    0 bn ahead of Amundi ETF +€11   6 bn and SPDR +€5   3 bn the ETF promoters in Europe launched 374 new products all share classes total Expense      Ratios          TERs!!!         for all asset types stood on the same level as at the end of 2021 European ETF Industry and Market Review 2022  3 Review of the European ETF Market       2022 2022      was a remarkable year for investors around the globe some may call it a year for the history books major economic and geopolitical headwinds resulted in falling equity and fixed income markets around the globe in the aftermath of             The Thing investors           were concerned about the still   disrupted delivery chains and increasing inflation rates when the year 2022 started all these concerns became overshadowed by Russias invasion of Ukraine since this meant that investors had to rewrite their playbook          for the year the war in Ukraine        led to increasing prices for energy and food which fuelled the already increasing inflation         rates as a result central banks around the globe had to                           act even harder!                   to fight           inflation within this environment it was somewhat surprising that the European ETF industry enjoyed inflows over the course of 2022 that -

All right, stop, Lucky!

said these inflows repeated a trend which we have witnessed over the course of other rough market periods assets         Under Management Despite         these tough market conditions 2022 marked the twenty third consecutive year with inflows into ETFs   which means that ETFs have never -

Voice, make him stop! I've just realized there's close to five thousand words in this report.

'I can't stop him.'

witnessed outflows on an annual basis since their inception in Europe in 2000 the negative performance of the underlying markets led despite the estimated net inflows to decreasing assets under management from €1   330    5 bn as of December 31 2021 to €1   242     2 bn at the end of December 2022 the -

Come on, Lucky, son. Be fair.

decrease of €88    3 bn for 2022 was driven by the performance of the underlying markets       €168   5 bn while estimated net sales contributed €80   2 bn to the assets under management in the European ETF industry  Graph 1      Assets Under Management in the European ETF Industry -

Christ.

'Just punch him in the head.'

Lucky, you asked for this.

January 1 2000 December 31 2022  Source Refinitiv Lipper European ETF Industry and Market Review 2022  4 it was not surprising equity - ow!

Now, sod off!

Sorry, kooks. I didn't realize how big that PDF was.

ENDS
ENDS
ENDS

...

Anyway ...

I -

You hurt my head its bleeding

Shut up, Lucky, you prat!

'Oh, boss, come on. He's our friend.'

Is he?! You're the one who told me to punch him.

Lucky, listen ... I know you've got a Vauban PDF you've been working on. That's fine. Maybe we'll do it later in the week. But I couldn't have thousands of words like that. Detlef shouldn't have given you the job.

'Lucky is cheap.'

Yeah.

Anyway ...

Laters.

Allright

'Bye!'