European ETF assets have risen by nearly 13% this year, boosting total assets under management (AUM) to $256.2bn, according to BlackRock.
The firm's ETF Landscape: Industry Review for the end of Q3 shows net new assets into European domiciled ETFs and exchange-traded products in September 2010 amounted to $5bn, taking year-to-date new assets to $34.3bn.
Equity based ETFs and ETPs have seen over half of this, with inflows of $18.7bn year-to-date, of which emerging markets equity ETFs and ETPs gathered $7.5bn.
Fixed income ETFs and ETPs have garnered $7.4bn over the year and are the most popular, with 22.4% of assets, followed by ETFs covering European country indices with 14.8% of the assets in Europe.
Commodity based products have also seen a net inflow of $7.4bn, of which $6bn went into precious metal ETFs and ETPs.
The report shows the total number of ETFs available on the European market has increased by 24.5% this year.
Europe now has 1,030 ETFs with 3,396 listings from 37 providers. 212 new ETFs have been launched so far this year in Europe, with a further 92 planned and nine de-listed.
iShares remains the largest provider of ETFs in Europe and now manages 35.9% of the market, translating into a total of 176 products and an AUM of $91.9bn.
Lyxor Asset Management and db x-trackers are the next biggest suppliers, with an 18.4% and 16.7% market share respectively. Together, these three principal ETF providers control 71% of the market.
Germany holds total ETF listings of 1,094 and AUM of $101.5bn, the most of any country in Europe. The UK comes second in terms of both total listings and AUM, with 600 ETFs and assets of $58.4bn. The top 100 ETFs now account for 66.1% of European ETF AUM.
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