European ETF assets reached a new high of $192.1bn at the end of August, bolstered by demand for emerging market funds, according to Barclays Global Investors.
The latest data from BGI's ETF Research and Implementation Strategy team shows that the new high is 5.3% above the previous record of $182.5bn in July, and 20.2% above the $159.9bn record set in July 2008.
The report shows the European ETF market has 751 ETFs, 1,889 listings, and products issued by 33 providers on 19 exchanges, at the end of August.
Assets were boosted by demand for emerging market equity ETFs, which increased by $8.8bn year to date, to hit $16.3bn at the end of August.
Funds tracking European countries achieved the second highest growth level, increasing by $8.4bn to hit $34.8bn. Fixed income ETFs were the next most popular, growing by $6.1bn to achieve $46.9bn at the end of August.
BGI ETF Research and Implementation Strategy global head Deborah Fuhr says: "The net inflows of $15.2bn in the past six months shows demand for ETFs is still growing as clients view ETFs as useful tools to help them implement many types of exposures."
The top five providers in Europe, according to AUM at the end of August, are iShares with $76.32bn, Lyxor Asset Management with $39.71bn, db x-trackers with $31.19bn, Credit Suisse Asset Management with $7.30bn and Zurich Cantonal Bank wit $5.75bn.
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