European ETFs Week 24: Equity Inflows, Gold Outflows

Between June 8 and June 12, 2026, European-listed equity ETFs attracted €4.13 billion while commodity ETPs registered €1.36 billion of net outflows, including €1.18 billion withdrawn from gold products, according to Trackinsight data.

Fixed income ETFs recorded €1.97 billion of inflows. Cryptocurrency ETPs added €94.1 million and currency ETFs gathered €4.9 million. Multi-asset funds declined by €9.5 million and volatility products were unchanged over the week.

At the sector level, health care funds drew the largest inflow at €471.5 million. Consumer staples experienced the biggest sector withdrawal with €471.3 million leaving. Industrials added €129.5 million and communication services took in €81.9 million. Real estate and energy saw smaller inflows of €56.1 million and €4.0 million respectively. Financials lost €199.6 million and information technology saw outflows of €141.8 million. Materials, utilities and consumer discretionary also posted modest outflows.

Sector performance diverged from flows. Consumer staples gained 2.88% for the week and information technology rose 2.60%. Financials advanced 2.53% and real estate increased 1.46%. Communication services fell 1.08% and energy declined 0.75%. Health care and industrials posted gains of 0.33% and 0.12% respectively.

Geographic allocations favored US and broad-market exposures. US-focused ETFs attracted €2.49 billion. Developed markets allocations added €2.09 billion and world ETFs took in €1.95 billion. United Kingdom exposures picked up €381.2 million and East Asia added €112.9 million. Outflows were concentrated in the eurozone, which saw €939.4 million leave, and emerging markets, down €561.1 million. Country-level outflows included Sweden (€164.6 million), Spain (€140.0 million), China (€133.6 million) and Hong Kong (€96.3 million).

Country-level performance varied. Indonesia-led equity funds rose 8.05% for the week. Mexico advanced 4.39% and Latin America gained 3.96%. Greater China funds posted the weakest returns among highlighted markets, falling 5.16%, while Vietnam declined 3.69%.

Thematic ETFs recorded mixed flows. Net Zero 2050 strategies drew €706.3 million, the largest thematic inflow. Smart city and space & deep sea themes added €62.6 million and €47.9 million respectively. Multiple-trend products saw the largest thematic outflow at €326.6 million. Global defense, alternative energy and blockchain-related products recorded outflows of €136.2 million, €127.8 million and €105.9 million respectively. Artificial intelligence & big data themes lost €71.4 million.

On thematic performance, blockchain strategies rose 4.07% for the week. Branding & luxury gained 3.55% and travel technology & services added 2.88%. Cloud computing was the weakest theme, down 5.27%. Space & deep sea, hydrogen economy and nuclear energy also posted declines.

Within fixed income, government investment grade ETFs attracted €1.13 billion. Corporate investment grade funds added €502.2 million and corporate high yield gathered €147.3 million. Government aggregate products experienced net outflows of €189.7 million.

Commodity ETP flows were dominated by gold withdrawals of €1.18 billion. Agricultural commodity products lost €288.4 million and metal exposures fell €234.7 million. Multi-commodity ETPs received €110.7 million, while silver, sugar and crude oil added €69.6 million, €63.1 million and €55.6 million respectively.

Among crypto ETPs, bitcoin products led inflows with €81.1 million and ether-focused funds added €16.5 million. Solana strategies attracted €5.5 million, while Hyperliquid and Near posted small outflows.

Top issuers by net inflows for the week were iShares with €1.51 billion, Amundi with €1.16 billion, State Street Investment Management with €975.6 million, Vanguard with €723.9 million and Invesco with €700.2 million. The most popular individual ETFs by net inflows included the Vanguard FTSE All-World UCITS ETF (€593.4 million), SPDR MSCI All Country World UCITS ETF (€581.6 million) and Amundi Prime Global UCITS ETF (€494.7 million).

Top equity ETF performers for the week included VanEck Semiconductor UCITS ETF, up 10.22%, and WisdomTree FTSE MIB Banks, which gained 9.60%. Several Indonesia-focused ETFs posted gains above 7%, reflecting strong returns in that market.