ETF assets keep on growing

This week’s feature brings an interview with Lorraine Sereyjol-Garros, Global Head of Development for BNPP AM’s ETF & Index, on the rapid growth of ETF and index fund assets at the firm. When she joined BNPP AM in 2016, assets were at EUR13 billion in ETFs and index funds and now assets stand at EUR47 billion.

The firm has recently opened in Dublin, to grow its UCITS business, and enjoys strong growth across continental Europe.

"We have seen strong development of what we call ‘piloted mandates’ in particular in Germany," she says, saying that three years ago retail represented 10 per cent of the bank’s AUM in ETFs and now it is more than 40 per cent. "We work with some local players that use our ETFs in savings plans where retail investors put maybe EUR100 a month and are automatically invested in ETFs. This reflects more equity ETFs than fixed income as they are long term savings, with a ratio of about 70 to 30."

This week saw news that ETF assets globally have hit a new all-time high, with ETFGI reporting USD10.86 trillion in assets at the end of July, and Lipper data showing the overall fund flows for mutual funds and ETFs in Europe in July amounted to estimated net inflows of EUR14.0 billion.

This is your last chance to nominate in the US ETF Awards 2023. To nominate for your chosen companies click here.

Get your voting shoes on for Monday 28th August (I leave it to you to choose which shoes they are but I bet they are suitably snazzy), as voting will be open for the ETF issuers and service providers in this year’s US awards, with data provided by Trackinsight. Remember that you will have to both nominate and vote to give your chosen companies a chance to win.

Beverly Chandler, Managing Editor

For live updates please follow us on Twitterand LinkedIn.