Okay, okay.
And I'm sure there's a PDF attachment. Oh, there is. But we don't need it, do we, Voice?
'We don't want it, boss.'
No, we don't want it. We've got the summary, and we've got some comment from Detlef.
'Let Lucky stew in his own juices! - if that's the right phrase.'
Ha, ha, ha! It probably isn't. But who cares?! Let the devil take the hindmost!
'Ha, ha, ha!'
Yeah.
Anyway ...
ETF promoters in Europe enjoyed estimated net inflows (+€11.0 bn) for March 2024.
Assets under management in the European ETF industry increased over the course of March to €1,720.5 bn.
Equity ETFs (+€9.7 bn) posted the highest estimated net inflows in the European ETF industry for March.
The best-selling Lipper global classification for March was Equity Global (+€3.4 bn), followed by Equity U.S. (+€2.7 bn) and Equity Eurozone (+€1.2 bn).
iShares was the best-selling ETF promoter in Europe for March (+€2.9 bn), ahead of Xtrackers (+€2.0 bn) and Vanguard (+€1.6 bn).
The 10 best-selling ETFs gathered estimated net inflows of €5.3 bn for March.
The best-selling ETF for March, iShares Core S&P 500 UCITS ETF USD (Acc), enjoyed estimated net inflows of €0.9 bn.
Nice one, Nsikan.
Okay.
Now, what does Detlef say?
Detlef Glow, Head of EMEA Research at LSEG Lipper, comments: "It can be said that the year 2024 is business as usual for the European ETF industry, as March continued to be a month with healthy inflows. That said, the estimated net flows for March were below the monthly 12-months average. This might have been caused by the strong inflows for January and February in combination with the rather cluttered geopolitical situation. Nevertheless, if the flow trend for Q1 2024 continues, we will witness a new record in annual inflows into the European ETF industry.
"Unfortunately, there are a few hinderances on the trend path which may lead to a rather bumpy road instead of a straight upward trend. As a result, this forecast may look quite optimistic. That said, I am quite sure that the trend towards ETFs will continue in Europe."
Thanks, Detlef.
Okay.
And what does Lucky say?
Lucky?
And what does Lucky say?
'He can't say nothing, boss!'
Oh, he can't say nothing because we haven't opened the PDF attachment, and we're not going to open it.
'Ha, ha, ha!'
Ha, ha, ha! Tough luck, Lucky!
ENDS
ENDS
ENDS
...
Oh, I bet he's angry, in that PDF.
Never mind.
You see, kooks, we don't need Lucky when we've got Detlef with some decent comment in the main body of the email.
'That's something Nsikan needs to think about, boss.'
Yes, Voice.
Well, actually ... they should spend a bit of money and get a professional to do the PDFs for them.
I mean, what qualifications does Lucky have?
'He was once in a play.'
Yeah.
Then it was all downhill.
Never mind.
ENDS
ENDS
ENDS
