Well, Nsikan has somehow managed to keep his job.
'Detlef is too soft-hearted, boss.'
Yes, Voice.
Anyway ...
ETF promoters in Europe enjoyed estimated net inflows (+€21.0 bn) for January 2024.
Assets under management in the European ETF industry increased over the course of January and reached a new all-time-high at €1,607.5 bn.
Equity ETFs (+€13.3 bn) posted the highest estimated net inflows in the European ETF industry for January.
The best-selling Lipper global classification for January was once again Equity U.S. (+€6.5 bn), followed by Equity Global (+€4.2 bn) and Bond EUR Corporates (+€2.4 bn).
iShares was the best-selling ETF promoter in Europe for January (+€10.2 bn), ahead of Amundi ETF (+€3.2 bn) and Xtrackers (+€2.8 bn).
The 10 best-selling ETFs gathered estimated net inflows of €9.0 bn for January.
The best-selling ETF for January, iShares Core S&P 500 UCITS ETF USD (Acc), enjoyed estimated net inflows €2.8 bn.
Fine.
Detlef?
Detlef Glow, Head of EMEA Research at LSEG Lipper, comments: "The European ETF industry enjoyed healthy inflows over the course of January 2024. These inflows occurred in a further unstable market environment since the geopolitical tensions in Middle East, especially the Red Sea, increased over the course of the month and impacts from prolonged delivery times caused by the fact that shipping companies avoid the Suez channel as they don't want their ships to be targets for the Houthi rebels.
"Nevertheless, some asset classes showed positive results while others performed negatively. Market sentiment was further driven by hopes that central banks - especially the U.S. Federal Reserve - have reached the last phase of their fight against high and further increasing inflation rates given their rather dovish statements during/after the respective central bank meetings."
Thanks, Detlef.
ENDS
...
Anything else?
No.
Laters.
