In a surprising turn of events, DWS, a major asset manager based in Frankfurt, emerged as the top performer in European ETF flows last month.
![Its Xtrackers unit successfully attracted over $2 billion in new investments, surpassing BlackRock's iShares division, which has consistently dominated the sales charts in the region. Photo: Getty Images](https://krugmaninsights.com/wp-content/uploads/2023/09/p0cbh20b-1024x576-1.webp)
Data provided by ETFGI reveals that DWS’s Xtrackers unit achieved net inflows of $2.5 billion in August, making it the leading ETF provider in Europe for the month.
This success exerted pressure on BlackRock and intensified the competition for market share within the lucrative ETF industry.