Date: 13th January 2021

European ETFs closed the fourth quarter of 2020 by passing the €1 trillion milestone, with ESG-focused funds drawing the lion’s share of net inflows.

Jose Garcia-Zarate, associate director of passive strategies research, explained: “This is a major milestone for an industry that is only two decades old in Europe and will surely make plenty of headlines to highlight the growing appeal of low-cost passive investing.”

He highlighted that assets in European ETFs have doubled in the last five years, adding that the outlook remains positive overall. Moreover, by the year end of 2020, assets in ESG ETFs amounted to over €90 billion, meaning a “staggering” 137% increase from 2019, Garcia-Zarate added.

Click here for the original article by Funds Europe