European ETFs net €7.1bn as equities lead

European-listed ETFs and ETPs attracted €7.1 billion in net inflows in the week May 11–15, according to Trackinsight. Equity ETFs led with €3.99 billion, while fixed income strategies gathered €3.04 billion. Commodity products added €604.05 million and cryptocurrency products recorded €36.05 million. Multi-asset allocations and currency products drew €35.67 million and €122,204 respectively.

At the sector level, Information Technology ETFs logged the largest inflows with €413.04 million and rose 1.55% for the week. Materials funds collected €327.53 million but fell 3.76%. Consumer Discretionary added €27.86 million and slipped 1.46%. Energy was the best-performing sector, up 6.35%, but saw outflows of €327.59 million. Communication Services recorded the largest sector outflow at €359.22 million while gaining 0.33%. Financials lost €123.52 million and fell 0.46%, and Industrials posted €37.34 million of outflows and declined 3.23%.

By geography, global or world exposures led flows with €2.43 billion, followed by U.S.-focused ETFs with €1.37 billion. Developed markets strategies added €292.02 million and Europe-focused funds drew €251.10 million. Country allocations included €230.92 million into China and €193.55 million into Japan. Romania was the strongest reported market, up 3.74%, and Norway rose 2.11%. Switzerland recorded the largest outflow at €550.03 million. The UK, South Korea and Germany saw net outflows of €259.91 million, €236.46 million and €157.07 million respectively. Brazil was the weakest performer, down 5.88%.

Thematic flows were mixed. Global Infrastructure led thematic inflows with €157.74 million. Space & Deep Sea strategies added €105.81 million and delivered the strongest thematic return at 7.32%. Alternative Energy attracted €105.04 million and rose 3.53%. Robotics & Automation drew €75.84 million and China Disruptive Technology added €70.02 million. Net Zero 2050 registered the largest thematic outflow at €163.92 million, and Artificial Intelligence & Big Data funds saw €83.50 million of net redemptions. Solar Energy gained 6.84% while Nuclear Energy declined 7.02%.

Within fixed income, Government Investment Grade ETFs led the segment with €1.40 billion of inflows. Corporate Investment Grade strategies added €794.98 million and corporate high-yield ETFs attracted €193.79 million for the week.

Crypto ETP flows were led by Bitcoin products with €26.23 million of net inflows and Toncoin-related products with €6.59 million. Ether products recorded €7.58 million of outflows, and multi-cryptocurrency products shed €2.46 million.

Commodity ETP demand was concentrated in agriculture and precious metals. Agriculture exposures led with €176.44 million. Gold products drew €133.38 million and wheat ETPs added €111.13 million. Metal-focused ETPs added €108.65 million and copper products gathered €73.38 million. Silver ETPs experienced €58.09 million of outflows, and crude oil products declined by €40.41 million.

Asset managers with the largest reported net inflows were Vanguard (€1.65 billion), iShares (€1.62 billion) and Xtrackers by DWS (€1.55 billion). State Street recorded €926.48 million of net inflows, followed by WisdomTree (€536.44 million) and Invesco (€512.18 million). Other firms that registered inflows included Amundi, VanEck, BNP Paribas Asset Management and Fidelity.

Top-performing equity ETFs for the week included State Street’s SPDR S&P U.S. Energy Select Sector UCITS ETF (SXLE) and iShares S&P 500 Energy Sector UCITS ETF (IUES), each up about 8.48%. Xtrackers MSCI USA Energy rose 8.31%, Alerian Midstream Energy Dividend ETF gained 8.13%, and VanEck Space Innovators advanced 7.32%.

The most popular ETPs by net inflows included Vanguard FTSE All-World UCITS ETF Accumulating (VWCE) with €685.07 million, iShares MSCI ACWI Screened UCITS ETF Acc with €399.55 million and SPDR MSCI All Country World UCITS ETF (SPYY) with €310.02 million. Other high-flow products included sector and bond ETFs such as iShares MSCI Global Semiconductors UCITS ETF and iShares Treasury Bond 1–3yr UCITS ETF.

Trackinsight compiled the weekly snapshot for May 11–15 from fund-level flows and performance across European-listed ETFs and ETPs, showing the distribution of investor capital across asset classes, sectors, regions and themes over the one-week window.