2019 was a vintage year for exchange traded funds. Investors looking for access to low-cost passive products flocked to the sector, bringing the total assets managed by the European ETF industry beyond the $1tn mark. Much of the new money went to the largest providers, enabling some of them to raise more than double the amounts gathered in 2018.

BlackRock’s iShares business continued to dominate Europe’s ETF landscape, gathering $59.8bn of new money in 2019 — the largest haul of any provider in the region, according to data from ETFGI.