The European ETF industry reached a high in June 2025, with assets under management hitting $2.74 trillion, according to ETF research firm ETFGI’s report.
The figure marked an increase from $2.27 trillion at the end of 2024, a 20.3% increase over the six-month period. It also surpassed the previous record of $2.61 trillion set just a month earlier in May.
Net inflows in June totalled $26.30 billion, bringing total inflows for the first half of 2025 to $176.10 billion. This is the highest on record for a half-year period, according to the data provider. This figure surpassed past H1 records. June also marked the 33rd consecutive month of net positive inflows for European ETFs.
Equity ETFs emerged as the dominant category, gathering $11.94 billion in June and $120.65 billion over the first six months of the year. That represents the highest-ever half-year total for equity ETF inflows in Europe.
European equity strategies dominate May ETF flows
Bond ETF inflows hit $32.7 billion in H1, with net inflows of $8.43 billion during June, topping last year’s pace. After outflows last year, commodity ETFs bounced back with $7.1B in H1 inflows. Investors also showed interest in active strategies, which gathered $2.47 billion in June and $13.36 billion across the first half—more than double the inflows seen during the same period last year.
The top 20 ETFs by net new assets brought in $12.17 billion, led by the UBS MSCI ACWI Universal Ucits ETF, which saw inflows of $1.39 billion. In the ETP segment, the top 10 products attracted $2.75 billion collectively, with the iShares Physical Gold ETC alone accounting for $680.44 million.
As of the end of June, Europe’s ETF and ETP market included 3,280 products with 13,845 listings, managed by 125 providers and listed across 29 exchanges in 24 countries.
“The S&P 500 rose 5.09% in June, bringing its H1 2025 gain to 6.20%. Developed Markets (ex-US) increased 3.24% in June, and are up a strong 20.29% year-to-date. Top Performers in June: Korea: +16.12% and Israel: +11.60%. Emerging markets gained 4.80% in June, with a year-to-date increase of 11.41%. Top Performers in June: Taiwan: +8.53% and Turkey: +8.49%,” said Deborah Fuhr, managing partner, founder, and owner of ETFGI.