Over the first six months of 2023, exchange traded funds sold by DWS in Europe and Vanguard brought in more than $16 billion, trailing only BlackRock’s massive iShares division. According to ETGFI data, the DWS ETF arm, known as Xtrackers, received $8.3 billion in net inflows between January and the end of June, ranking the …
Over the first six months of 2023, exchange traded funds sold by DWS in Europe and Vanguard brought in more than $16 billion, trailing only BlackRock’s massive iShares division. According to ETGFI data, the DWS ETF arm, known as Xtrackers, received $8.3 billion in net inflows between January and the end of June, ranking the second only after iShares. iShares, the BlackRock owned company, controls over 45% of the European ETF market, amassed $35 billion.
The six-month haul for Xtrackers, Europe’s third largest ETF provider, reverses $1.3billion in net withdrawals from January to June of last year. The record inflows follow DWS CEO’s announcement at the end of last year of a target to increase the fund group’s passive assets by more than 12% every year through 2025.
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