European ETF Market Wrap: Flows, Performance and Leaders | Week 44, 2026

Here’s a recap of European ETF activity between October 26 and October 30, from our data partners, Trackinsight, covering flows and performance across asset classes, sectors, regions and themes.

According to Trackinsight data, Equity ETFs attracted €5.65 billion and Fixed Income ETFs attracted €3.24 billion. Commodity products gathered €198.2 million, while cryptocurrency products recorded €13.5 million in net outflows.

Health Care Leads Sector ETF Inflows as Materials Sees Largest Outflow

Health Care ETFs recorded the largest sector inflow at €306.6 million.

Information Technology (€189.6 million) and Consumer Staples (€52.7 million) also attracted inflows, followed by Communication Services (€13.1 million).

Materials (€145.9 million), Consumer Discretionary (€142.6 million), and Industrials (€127.4 million) recorded the largest sector outflows.

Health Care Leads Sector Returns While Communication Services Records Largest Decline

Health Care led weekly sector returns at +3.77%, followed by Industrials at +3.59%. Communication Services posted the weakest return at -3.99%, followed by Materials at -1.94%.

Developed markets and World Lead Geographic Equity ETF Inflows

Developed markets exposures recorded the largest geographic inflow at €1.87 billion, followed by World at €1.84 billion.

US (€1.13 billion), North America (€195.0 million), and Japan (€163.0 million) also attracted inflows.

On the outflow side, Developed Pacific (€146.6 million), China (€111.5 million), and East Asia (€110.9 million) recorded the largest withdrawals.

Denmark Leads Geographic Returns as Brazil Records Weakest Result

Denmark posted the strongest weekly geographic return at +5.14%, followed by Sweden at +4.28% and Greece at +4.17%.

At the other end, Brazil returned -22.19% and Latin America posted -14.91%.

Indonesia (-4.55%), Turkey (-2.91%), and Greater China (-2.69%) also ranked among the weakest geographic exposures.

Net Zero 2050 Leads Thematic Inflows While BioTech & Genomics Leads Returns

Net Zero 2050 recorded the largest thematic inflow at €385.6 million, ahead of Cybersecurity at €69.5 million.

Multiple Trends (€11.4 million), Nuclear Energy (€10.8 million), and BioTech & Genomics (€10.4 million) also gathered inflows.

In performance, BioTech & Genomics led with a +6.36% weekly return. Europe Defense returned +5.22% and Tomorrow’s Treatments returned +3.98%.

China Disruptive Technology had the largest thematic outflow at €91.0 million, followed by Artificial Intelligence & Big Data at €56.1 million. Cryptocurrency recorded the weakest thematic return at -5.23%.

Corporate Investment Grade Leads Fixed Income ETF Inflows

Corporate Investment Grade recorded the largest fixed income category inflow at €1.32 billion.

Government Investment Grade (€1.09 billion), Corporate High Yield (€474.8 million), and Aggregate Investment Grade (€132.2 million) followed.

Government Agencies Investment Grade (€38.1 million) and Government Aggregate (€34.7 million) recorded the largest outflows.

Gold Leads Commodity ETP Flows While Copper Records Largest Outflow

Gold attracted €183.8 million during the week.

Multi Commodities gathered €137.6 million and Precious Metals attracted €31.0 million, while Copper recorded €43.9 million in outflows, followed by Crude Oil at €42.6 million.

Polygon Leads Cryptocurrency ETP Inflows While Ether Sees Largest Outflow

Polygon products attracted €3.2 million, the largest cryptocurrency inflow of the week.

Zcash gathered €1.9 million and Lighter attracted €1.1 million. Ether recorded the largest outflow at €7.8 million, followed by XRP at €3.4 million.

Top 10 ETF Issuers by Net Inflows This Week

1. iShares: €2.82 billion
2. Amundi: €1.42 billion
3. Xtrackers by DWS: €1.35 billion
4. Vanguard: €1.28 billion
5. Invesco: €610.0 million
6. UBS: €426.8 million
7. State Street Investment Management: €380.9 million
8. L&G: €357.0 million
9. Schroders: €110.2 million
10.  Franklin Templeton: €109.5 million

Top 10 Most Popular ETPs by Net Inflows This Week

1. iShares Core € Corp Bond UCITS ETF – EUR (IEAC): €768.3 million
2. Vanguard FTSE All-World UCITS ETF Accumulating – USD (VWCE): €491.6 million
3. Vanguard FTSE Global All-Cap UCITS ETF – Acc – USD (VALL): €373.7 million
4. Xtrackers MSCI USA UCITS ETF 1C – USD (XD9U): €353.1 million
5. iShares € High Yield Corp Bond UCITS ETF – EUR (SHYG): €332.9 million
6. Xtrackers MSCI USA Health Care UCITS ETF 1D – USD (XUHC): €273.7 million
7. UBS Core MSCI World UCITS ETF Acc – USD (UETW): €264.4 million
8. Amundi Global ex-US Government Bond UCITS ETF Acc – USD (GXUS): €244.6 million
9. State Street SPDR MSCI All Country World UCITS ETF – USD (SPYY): €236.3 million
10.  L&G US Equity UCITS ETF – Acc – USD (LGUS): €191.3 million

Top 10 Performing Equity ETFs This Week

1. ARK Genomic Revolution UCITS ETF – USD (AAKG): 7.27%
2. FINECO AM MSCI World Semiconductors and Semiconductor Equipment UCITS ETF – EUR (FAMMWS): 6.95%
3. Sprott Junior Uranium Miners UCITS ETF – Accumulating – USD (U8NJ): 6.56%
4. Deka STOXX Europe Strong Growth 20 UCITS ETF – EUR (EL4C): 6.40%
5. Fineco AM MarketVector Bioproduction Tech & Tools ESG UCITS ETF – EUR (BTECH): 6.25%
6. Global X Genomics & Biotechnology UCITS ETF – USD (GNOG): 5.98%
7. iShares Europe Defence UCITS ETF EUR Acc – EUR (DFNC): 5.98%
8. State Street SPDR S&P Europe Defense Vision UCITS ETF – EUR (DFSV): 5.74%
9. Deka Europe Defense UCITS ETF – EUR (D6RU): 5.72%
10.  BNP Paribas Easy Bloomberg Europe Defense UCITS ETF (Acc) – EUR (GUARD): 5.67%