Monday 25 March 2024

LSEG Lipper: European ETF industry review: February 2024

Okay, okay.

'Boss -'

Voice! Keep that PDF away from me!

'All right.'

We don't need it anyway. We've got the summary. We've got comment from Detlef. What else do we need?

'Nothing!'

We don't need Lucky with his jumble of words! Ha, ha, ha!

Well ...

For immediate release

Oh, I'm sure.

Well ...

ETF promoters in Europe enjoyed estimated net inflows (+€16.0 bn) for February 2024.
Assets under management in the European ETF industry increased over the course of February to €1,672.9 bn.
Equity ETFs (+€14.5 bn) posted the highest estimated net inflows in the European ETF industry for February.
The best-selling Lipper global classification for February was Equity Global (+€6.1 bn), followed by Equity U.S. (+€3.9 bn) and Money Market EUR (+€1.1 bn).
Xtrackers was the best-selling ETF promoter in Europe for February (+€3.0 bn), ahead of UBS ETF (+€2.8 bn) and Amundi ETF (+€2.2 bn).
The 10 best-selling ETFs gathered estimated net inflows of €9.3 bn for February.
The best-selling ETF for February, Amundi S&P 500 ESG UCITS ETF EUR Acc, enjoyed estimated net inflows €1.4 bn.

Thanks, Nsikan!

'Nice one, Nsikan!'

Here's Detlef -

Detlef Glow, Head of EMEA Research at LSEG Lipper, comments: "February 2024 was another month with healthy inflows for the European ETF industry. 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 as the European Union sent military ships to protect commercial vessels from the attacks of Houthi rebels. Nevertheless, since a number of shipping companies avoid nowadays the passage of the Suez channel, it is to be expected that the prolonged delivery times will cause some tensions for the still vulnerable delivery chains."

Thanks, man.

'Nice one, Detlef!'

ENDS
ENDS
ENDS

...

Anything else? 

'Nice one, Mikey!'

Shut up, Voice.

Anyway ... poetry?

I finished a new poem at the weekend. Free verse. 52 lines. Roughly 280 words.

So, I have four poems now.

'Four?!'

Yeah.

I've decided ... all the poems I write have got to pass the "Battle of Gaugamela" test. If they don't pass it, they get scrapped.

'Nice one, Mikey!'

Listen, kooks. I've got to think to myself, ask myself: "If this poem was thrown at Darius, would he flee the battlefield?" If the answer is - NO ... the poem must die! It's as simple as that.

'Hardcore!'

Watch the film, just those twenty minutes - if you don't know what I'm talking about.

'Alexander Revisited: The Final Cut.'

That's the one.

'16:00 to 35:50.'

You're so helpful, Voice.

'I know. Ha!'

ENDS
ENDS
ENDS