European ETF and ETC inflows soar 80% in 2023

Assets under management followed suit, increasing by 24% over the year to €1.6trn, a "new record high" for the market, according to Morningstar research. Equity ETFs were the biggest gainers for both the fourth quarter and the whole year, adding €34.6bn in the last three months of 2023 and €89.7bn over 2023, a 72% increase from 2022. Jose Garcia-Zarate, associate director of passive strategies research at Morningstar, noted the bulk of flows into equity ETFs were directed into strategies providing exposure to developed markets, and the US in particular. Growth opportunities in Euro...