Oh dear.
'That's good news, ain't it, boss?'
I don't know, Voice.
Detlef will know.
Please see attached for the European ETF Industry Yearbook 2022. Highlights are:
ETF promoters in Europe experienced estimated net inflows of €80.2 bn for 2022.
Assets under management in the European ETF industry stood at €1,242.2bn) 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.
ESG-related ETFs gathered 65.49% of the overall flows 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 Vanguard (+€11.6 bn) and Invesco (+€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.
The assets under management in the European ETF industry will double to €2.5 tr before the end of 2030.
Well, I ain't looking at no yearbook, man. The highlights are enough for me. 'More than enough.' Yeah, more than enough.
But here's Detlef! -
Detlef Glow, Head of EMEA Research at Refinitiv Lipper, comments: "The European ETF industry will continue to grow on an above average rate compared to the overall fund industry in Europe. A Europe-wide adoption of ETFs by retail investors will, in combination with new fit-for-purpose conventional as well as ESG-related bond and equity products, be the core drivers for the future growth of the European ETF industry.
"But a possible approval of active ETFs would be a game changer for the whole fund industry ecosystem in Europe and will make the forecast of a doubling in AUM obsolete, as in this case the growth rate of the AUM might be much higher."
Two paragraphs!
'Nice one, Detlef!'
Yeah, thanks, Detlef!
ENDS
ENDS
ENDS
...
Anything else?
The first time I saw the A Hard Day's Night film was in (roughly) 1975. I was at home with me nan in the school holidays - I think - and it was on TV in the afternoon.
I mention that because, well ... I've got the film on my phone now, and I watched a bit of it while I was drinking my coffee this morning. / Also, my nan was the only member of my family who wanted me to be a pop star. (Possibly as revenge against Adam Faith's mum.) She even wanted me to go to stage school, which would have been hilarious, but never mind. Her heart was in the right place. And so was her brain. Do you know what I mean?
Anyway, I'm not ever going to stop writing songs or playing guitar. I really regret taking twenty years off. That was a massive mistake.
And ... I must hold on to my guitar ... whatever happens in the next few months. I'm talking about my electro-acoustic Yamaha. My other Yamaha and the Epiphone Les Paul will have to be sold or abandoned.
They can prise my guitar from my cold dead hand.
Laters.
