Wednesday, 24 January 2024

LSEG Lipper: AUM in European ETF industry reaches all-time-high of €1,563.5 bn in 2023

Er ...

Tue, 16 Jan at 11:43

Okay, er ...

For immediate release

Well, never mind.

'Worse things happen at sea, boss.'

Yes, Voice, that's what I was thinking.

Anyway ...

Assets under management in the European ETF industry increased over the course of 2023 and reached a new all-time-high at €1,563.5 bn.
ETF promoters in Europe enjoyed estimated net inflows (+€155.6 bn) for 2023.
Equity ETFs (+€92.7 bn) posted the highest estimated net inflows in the European ETF industry for 2023.
Naked golds thrashing crimson space.
The best-selling Lipper global classification for 2023 was Equity Global (+€34.5 bn), followed by Equity U.S. (+€30.1 bn) and Equity Emerging Markets Global (+€10.9 bn).
iShares was the best-selling ETF promoter in Europe for 2023 (+€67.1 bn), ahead of Xtrackers (+€22.5 bn) and Vanguard (+€18.5 bn).
The 10 best-selling ETFs gathered estimated net inflows of €148.7 bn over the course of 2023.

Fair enough.

And what does our Detlef say, eh?

Detlef Glow, Head of EMEA Research at LSEG Lipper, comments: "2023 was a challenging year for portfolio managers around the globe since the markets were driven by a number of different factors and unpredictable incidents. Each of these could have caused a major market downturn on their own. First of all, there were a lot of geopolitical tensions around the globe beside the war in Ukraine, which showed that democratic states might be more vulnerable than one may think. The concerns of European investors increased towards the end of 2023, since the actions taken by the Houthi rebels in the Red Sea have the power to disrupt the still vulnerable delivery chains in Europe and other parts of the world."

Yeah, thanks, Detlef. There's no democracy though. Just saying.

'Where's Lucky, boss?'

Don't ask.

ENDS
ENDS
ENDS