1344 GMT - The European exchange-traded fund market recorded record flows and assets under management in 2024, Morningstar says in a report. It saw 247 billion euros in flows, an increase from 145.4 billion euros in 2023 and well ahead of its previous annual high of 159 billion euros, which it hit in 2021, the report says. Assets under management in ETFs closed the year close to 2.18 trillion euros, a third higher than a year prior. Equity and active ETFs saw significant growth, partly driven by a strong preference for U.S. equity exposure after Trump's victory. "Investors are betting that his protectionist agenda will provide a further boost to valuations," Morningstar's Jose Garcia-Zarate says. However, the proportion of total flows into ESG strategies continued to fall due to the underperformance of mainstream propositions and uncertainty around regulations. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
January 16, 2025 08:45 ET (13:45 GMT)
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