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European ETFs attract record $74bn in first half

European ETFs attract record $74bn in first half

Inflows into European exchange traded funds (ETFs) and products (ETPs) reached a record $74 billion (£57.4 billion) year-to-date, more than double the net inflow at this point last year, according to research firm ETFGI.

Year through to the end of July 2017, ETF/ETP assets have increased by 22.2% from $573 billion to reach a new record $700 billion.

‘Most equity markets continued to see gains in July,’ said Deborah Fuhr, managing partner at ETFGI.

‘The S&P 500 gained 2% with Telecom and Info Tech the top performing sectors, up 6% and 4%, respectively. International equities and especially emerging markets were up 3% and 6%, respectively.’

She added: ‘Political risks remain a focus for investors - the ability of the Trump administration to move forward on policy goals and hearings on Capitol Hill, Brexit negotiations, and North Korea is still an area of concern.’

Equity ETFs/ETPs received net inflows of $6.25 billion in July, bringing year-to-date net inflows to a record $43.10 billion. Net outflows from the sector were $1.7 billion over the same period last year.

iShares gathered the largest net ETF/ETP inflows in July with $4.49 billion, followed by Xtrackers with $1.82 billion and UBS ETFs came in third with $1.79 billion net inflows.

Year-to-date iShares gathered the largest net ETF/ETP inflows $24.08 billion, followed by UBS ETFs with $9.3 billion and Lyxor Asset Management with $8.8 billion net inflows.

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