The European exchange-traded fund market grew 9.4% in the first quarter, helped by net inflows as investors embraced riskier assets. ETF providers are optimistic about the coming months, projecting annual growth of 15%, despite falling well short of expectations last year.

The European exchange-traded product market ended the first three months of the year with assets worth €247.76bn, up 9.4% over the quarter, helped by net inflows of €5.38bn.