From 2012 to date, EU-domiciled ETF registrations have grown at an annual rate of 18.7%, while UCITs have grown by less than 10%, according to the latest study by PwC Luxembourg.
How has ETF AuM evolved over the last decade?
The volume of assets under management of ETFs domiciled in Europe declined by 10% versus 2021, slowing the steady growth experienced since 2013. However, these outflows are due to the negative performance caused by the volatile market environment of high inflation, rising interest rates and geopolitical tensions.
Top 10 indices by AuM
The S&P 500 and the MSCI World continue to clearly lead the ranking of indices with the largest volume of assets under management, exceeding EUR 2,400 trillion and EUR 1,600 trillion respectively. Although the S&P 500 is the index with the most AuM, the MSCI World is the leading index in terms of number of ETFs (129 versus 120 for the S&P 500).
Top 10 ETF Asset Managers by country distribution
Once again, Blackrock leads the ranking, distributing its products in 35 countries around the world. Following Amundi’s purchase of Lyxor, Blackrock is in second place with a total of 23 countries, although it shares this position with Fidelity Investments, also with 23 countries. Two other major fund managers, Invesco and Vanguard, close the podium, working in 22 countries each.