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“Net sales contributed a positive €4.2bn to the assets under management in the European ETF segment,” according to figures published by Thomson Reuters Lipper on 20 August.

Portfolio performance added €15.5bn; that brought total assets under management in European ETFs from €662bn at the end of June to €677.5bn at the end of July 2018.

Bond ETFs marked up the highest net inflows (+€2.5bn) last month, Thomson Reuters Lipper said. However, equity funds represented about 72% and bond funds represented about 24% of total assets under management in European ETFs as of 31 July.

IShares continued to dominate the category: it had 45.3% of assets under management and six out of the ten bestselling ETFs.