ETPs maintain growth despite difficult market

Net inflows for 2011 stand at €20.6bn, reports Lyxor. July saw assets under management hit a high of €243bn but they have since fallen to €220bn. This year's flows have been dominated by three exposures: European single country ETFs, with almost €13bn in Dax ETFs; non-European developed country ETFs, €3.5bn went into US equities; and commodities, with €4bn going into gold ETFs and ETPs. German ETFs now have assets of €17.6bn, representing almost 50% of European country-based assets. It was also the focus for activity in September, accounting for 90% of the inflows. Country-related ...