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The European ETF industry has been hit by the coronavirus pandemic with record outflows in March 2020 of €25.4bn and assets under management in the industry decreased from €839.9bn to €719.2bn due to market conditions.
According to the Lipper team at Refinitiv, despite the market crisis, equity funds (€465.1bn) held the majority of assets, followed by bond funds (€219.9bn), commodity products (€21.5bn), alternative UCITS products (€5.8bn), money market funds (€5.2bn), mixed asset funds ((€1.5bn) and ‘other’ funds €0.2bn.
Vanguard Group was the best-selling ETF promoter in Europe for March (+€2.0bn), ahead of Lyxor ETF (+€0.7bn) and Zuercher Kantonalbank (+€0.4bn). The 10 best-selling funds gathered total net inflows of €7.4bn for March.
The best-selling ETF for March, iShares Core MSCI Europe UCITS ETF EUR (Dist), accounted for net inflows of €1.0bn.