Exchange-traded funds recorded “healthy inflows” in Europe and globally last month.

European ETFs saw €11bn in net inflows in March 2024, according to the data provider LSEG Lipper. Net inflows and market performance pushed total European ETF assets under management from €1,672.9bn as of 29 February 2024, to a record-high €1,720.5bn at the end of March.

Cumulatively there were $147.8bn in global net inflows during the month of March 2024. North American ETFs saw net inflows of $113.2bn, with Asia-Pacific logging +$22.6bn and South and Central America +$0.3bn, while Africa experienced net outflows (-$0.01bn). Along with market performance, that brought total assets under management globally from $11,836.5bn at the end of February 2024 to $12,290.2bn at the end of March 2024.

The five largest ETF domiciles accounted for “assets under management of $11,533.9bn, or 93.85% of the overall assets under management in the global ETF industry.”

Equity funds were far and away the largest segment, with a 78% share globally and 74% among European ETFs. In Europe that represented €1.27trn in assets.

The top three ETF promoters globally accounted for 65% of total assets under management, while the top 20 represented 89%.

“The 10 top promoters accounted for 93.89% of the overall assets under management in the European ETF industry,” LSEG Lipper reported.

ETFs, or exchange-traded funds, automatically track an index or type of financial asset, and can be bought or sold in real time on a stock market. Many investors put their savings in ETFs because they typically have lower management fees and track overall performance.