Assets invested in the exchange traded fund (ETF) industry in Europe reached a record of $2.18 trillion at the end of August.

That’s according to ETFGI, the independent research, events and consultancy firm specializing in research on trends in the global ETF industry.

ETFGI said that during August, the ETF industry in Europe gathered net inflows of $24.78 billion, bringing year-to-date net inflows to a record $151.97 billion.

“We expect the ETFs industry in Europe to end 2024 with record assets and record level of net inflows,” said ETFGI.

The ETFs industry in Europe had 3,053 products, with 12,522 listings from 100 providers listed on 29 exchanges in 24 countries at the end of August.

“During August, ETFs gathered net inflows to $24.78 Bn,” said ETFGI. 

“Equity ETFs gathered net inflows of $17.53 Bn in August, bringing YTD net inflows to $109.03 Bn, higher than the $48.84 Bn in net inflows YTD in 2023.

“Fixed income ETFs had net inflows of $5.13 Bn during August, bringing YTD net inflows to $38.74 Bn, lower than the $44.81 Bn in net inflows YTD in 2023.

“Commodities ETFs reported net outflows of $37.98 Mn during August, bringing YTD net outflows to $4.93 Bn, greater than the $2.82 Bn in net outflows YTD in 2023.

“Active ETFs attracted net inflows of $2.01 Bn during the month, gathering YTD net inflows of $9.58 Bn, higher than the $5.24 Bn in net inflows YTD in 2023.

“Substantial inflows can be attributed to the top 20 ETFs by net new assets, which collectively gathered $18.77 Bn during August. CSIF IE MSCI USA Blue UCITS ETF – Acc (CMXUS SW) gathered $2.88 Bn, the largest individual net inflow …

“The top 10 ETPs by net new assets collectively gathered $801.08 Mn during August. iShares Physical Gold ETC -Acc (SGLN LN) gathered $233.78 Mn the largest individual net inflow.”

Deborah Fuhr, managing partner, founder, and owner of ETFGI, said: “The S&P 500 index increased by 2.43% in August and is up by 19.53% YTD in 2024.

“The developed markets excluding the US index increased by 2.78% in August and is up 11.13% YTD in 2024. Israel (up 7.47%) and Singapore (up 5.59%) saw the largest increases amongst the developed markets in August.

“The Emerging markets index increased by 2.01% during August and is up 10.89% YTD in 2024. Indonesia (up 10.79%) and Thailand (up 8.62%) saw the largest increases amongst emerging markets in August.”