European ETF Market Wrap: Flows, Performance and Leaders | Week 43, 2026

Here’s a recap of European ETF activity between October 19 and October 23, from our data partners, Trackinsight, covering flows and performance across asset classes, sectors, regions and themes.

According to Trackinsight data, Equity ETFs attracted €4.52 billion and Fixed Income ETFs attracted €2.94 billion. Commodity products gathered €305.5 million, while cryptocurrency products recorded €35.3 million in net outflows.

Information Technology Leads Sector ETF Inflows as Financials Sees Largest Outflow

Information Technology ETFs recorded the largest sector inflow at €191.4 million.

Energy (€132.7 million) and Health Care (€110.3 million) also attracted inflows, followed by Materials (€46.8 million).

Financials (€169.5 million), Communication Services (€79.1 million), and Consumer Staples (€61.4 million) recorded the largest sector outflows.

Health Care Leads Sector Returns While Materials Records Largest Decline

Health Care led weekly sector returns at +2.70%, followed by Energy at +2.06%. Materials posted the weakest return at -7.60%, followed by Communication Services at -3.96%.

Developed Markets and World Lead Geographic Equity ETF Inflows

Developed markets exposures recorded the largest geographic inflow at €1.83 billion, followed by World at €1.36 billion.

Europe (€642.2 million), Emerging markets (€294.0 million), and South Korea (€247.1 million) also attracted inflows.

On the outflow side, China (€318.3 million), US (€127.7 million), and Asia Pacific (€70.5 million) recorded the largest withdrawals.

Indonesia Leads Geographic Returns as Greater China Records Weakest Result

Indonesia posted the strongest weekly geographic return at +7.62%, followed by Vietnam at +4.81% and Belgium at +3.49%.

At the other end, Greater China returned -5.37% and Austria posted -4.38%.

Africa (-4.02%), Turkey (-4.02%), and South Africa (-3.94%) also ranked among the weakest geographic exposures.

Digital Infrastructure & Connectivity Leads Thematic Inflows While Cloud Computing Leads Returns

Digital Infrastructure & Connectivity recorded the largest thematic inflow at €39.6 million, ahead of Cybersecurity at €29.9 million.

Artificial Intelligence & Big Data (€22.3 million) and Robotics & Automation (€18.7 million) also gathered inflows.

In performance, Cloud Computing led with a +9.02% weekly return. Cybersecurity returned +8.61% and FinTech returned +3.32%.

Alternative Energy had the largest thematic outflow at €125.9 million, followed by Global Defense at €51.2 million. Asia Defense recorded the weakest thematic return at -7.12%.

Government Investment Grade Leads Fixed Income ETF Inflows

Government Investment Grade recorded the largest fixed income category inflow at €1.31 billion.

Corporate Investment Grade (€552.4 million), Corporate High Yield (€400.5 million), and Aggregate Investment Grade (€245.8 million) followed.

Government High Yield (€29.1 million) and Supranational Investment Grade (€15.8 million) recorded the largest outflows.

Gold Leads Commodity ETP Flows While Multi Commodities Records Largest Outflow

Gold attracted €471.4 million during the week.

Silver gathered €58.6 million, while Multi Commodities recorded €110.5 million in outflows, followed by Copper at €41.6 million.

Bitcoin Leads Cryptocurrency ETP Inflows While Ether Sees Largest Outflow

Bitcoin products attracted €11.5 million, the largest cryptocurrency inflow of the week.

Polygon gathered €2.2 million and Uniswap attracted €0.6 million. Ether recorded the largest outflow at €18.2 million, followed by Solana at €16.5 million.

Top 10 ETF Issuers by Net Inflows This Week

1. iShares: €2.93 billion
2. Vanguard: €1.66 billion
3. Amundi: €843.2 million
4. State Street Investment Management: €511.8 million
5. UBS: €506.0 million
6. BNP Paribas Asset Management: €475.1 million
7. Xtrackers by DWS: €228.8 million
8. L&G: €224.3 million
9. Franklin Templeton: €220.7 million
10.  VanEck: €131.3 million

Top 10 Most Popular ETPs by Net Inflows This Week

1. Vanguard FTSE All-World UCITS ETF Accumulating – USD (VWCE): €641.8 million
2. Vanguard FTSE Global All-Cap UCITS ETF – Acc – USD (VALL): €281.8 million
3. Franklin FTSE Korea UCITS ETF – Acc – USD (FLXK): €246.1 million
4. iShares Core S&P 500 UCITS ETF – USD (CSSPX): €222.3 million
5. L&G US Equity UCITS ETF – Acc – USD (LGUS): €219.5 million
6. iShares Core MSCI World UCITS ETF – USD (IWDA): €209.7 million
7. Xtrackers MSCI USA UCITS ETF 1C – USD (XD9U): €205.3 million
8. Amundi Smart Overnight Return UCITS ETF Acc – EUR (CSH2): €203.5 million
9. iShares J.P. Morgan EM Local Govt Bond UCITS ETF USD (Dist) – USD (IUSP): €197.0 million
10.  iShares Physical Gold ETC – USD (IGLN): €186.6 million

Top 10 Performing Equity ETFs This Week

1. Global X Cybersecurity UCITS ETF – USD (BUG): 12.82%
2. WisdomTree Cybersecurity UCITS ETF – Acc – USD (WCBR): 12.74%
3. WisdomTree Cloud Computing UCITS ETF – Acc – USD (KLWD): 12.19%
4. Rize Cybersecurity and Data Privacy UCITS ETF Acc – USD (CYBR): 11.00%
5. L&G Cyber Security UCITS ETF – USD (ISPY): 9.48%
6. Invesco Cybersecurity UCITS ETF – USD (IVCS): 8.77%
7. Global X Cloud Computing UCITS ETF – USD (CLO): 8.32%
8. First Trust Nasdaq Cybersecurity UCITS ETF – Acc – USD (CIBR): 8.13%
9. Amundi MSCI Indonesia UCITS ETF Acc – EUR (INDO): 7.69%
10.  Xtrackers MSCI Indonesia Swap UCITS ETF 1C – USD (KJ7): 7.58%