European ETF growth outpaces UCITS over the past decade

ETF AUM falls

European ETF growth has outpaced UCITS growth by more than double over the past decade, according to a new report from PwC Luxembourg.

In the group's annual European ETF Listing and Distribution research, which shows the growth of the ETF market, EU-domiciled ETFs have grown at a compound annual growth rate of 18.7%, compared to just 9% for EU-domiciled UCITS between 2012 and June 2022. However, the assets under management for the 1,806 ETFs covered has fallen by 10% to €1.2bn due to outflows and negative performance during the recent market volatility caused by increasing inflation and interest rates. Global fixed income ETFs see €58.8bn inflows in July and August Meanwhile, nearly 26% of ETFs in the report are E...