November 2020 was another positive month for the European ETF industry since promoters enjoyed inflows. These inflows occurred in a surprisingly positive market environment in which investor sentiment was impacted by the presidential election in the U.S. and the increasing dynamics of the COVID-19. pandemic. The positive performance of the underlying markets led in combination…
After iShares, the largest ETF promoter in Europe, returned to using synthetic replication with the launch of a swap-based ETF on the S&P 500, I published my views on this move in the Monday Morning Memo called “A New Dawn for Synthetic ETFs in Europe”. I believe this move might be a game changer regarding…
Even as 2020 was a tough year, the European ETF industry seems to be in good shape as assets under management increased from €870.0 bn as of December 31, 2019 to €874.3 bn at the end of October 2020. An increase in assets under management of €4.3 bn (+0.50%) year to date might look small…
October 2020 was another positive month for the European fund industry since the promoters of mutual funds (+€69.2 bn) enjoyed inflows. Meanwhile, the market environment turned negative as the second wave of the COVID-19 pandemic hit major markets in Europe and investors feared a second coronavirus lockdown-induced economic downturn. Despite these fears, investors bought into…