London Stock Exchange nears £1trn in ETF assets
As of the end of December, total ETF assets were £987.1bn, with the vast majority coming from equity ETFs (£749.4bn), followed by bond ETFs (£2144.8bn) and money market ETFs (£9.5bn).
As of the end of December, total LSE-listed ETF assets were £987.1bn, with the vast majority coming from equity ETFs (£749.4bn), followed by bond ETFs (£214.8bn) and money market ETFs (£9.5bn).
In 2023 alone, LSE-listed ETFs added £179bn, making it likely the stock exchange will hit the £1trn threshold soon, said Dewi John, head of UK and Ireland research at LSEG Lipper.
Assets were up 22.2% year-on-year in December, largely driven by strong flows to equity ETFs, up 24%. Money market ETFs had a strong year, with assets soaring by nearly 60% over 2023, while alternative ETFs lost 79.4% from December 2022.
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Equity ETFs comprised the top five best-sellers, based on Lipper's global classification, with US equities taking the top spot, followed by global equities, European equities, eurozone equities and Japanese equities.
Among US equities, the iShares Core S&P 500 UCITS ETF was the biggest asset gatherer in December, adding £955.8m; whereas the Xtrackers MSCI World ESG UCITS ETF 1C was the top fund in the Equity Global sector.
On the other hand, the largest outflows in terms of sectors were suffered by US government bonds, which were down more than £1bn, followed by energy, Korean equities, commodity blended and UK equities.
Sustainable ETFs fared well in December, adding £3.8bn, with sustainable equities taking the larger share of inflows. The top sustainable ETF for the month was Xtrackers MSCI World ESG UCITS ETF 1C, which raked in £685.2m.
LSE
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