##  [# Record-breaking Year for Bond ETFs in Europe](/sections/news/record-breaking-year-bond-etfs-europe) 

 

# Record-breaking Year for Bond ETFs in Europe

 

 

The funds have amassed $65 billion in net new assets year to date through mid-December.



 

 

 

 

 [![Jamie_Gordon](/sites/default/files/styles/author_image_icon/public/2023-08/Jamie_Gordon_author.jpg?itok=yHEfAKoO "Jamie_Gordon")](/contributors/jamie-gordon) 

[By Jamie Gordon](/contributors/jamie-gordon)

 Dec 18, 2023

 Edited by: Mark Nacinovich

 

 

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This week saw [fixed-income](https://www.etf.com/topics/fixed-income) ETFs in [Europe](https://www.etf.com/topics/europe) hit [all-time-high](https://www.etfstream.com/articles/fixed-income-etfs-book-record-inflows-in-2023) annual inflows, breaking the previous record set in 2019.

[Bond ETFs](https://www.etf.com/topics/bond) amassed $65 billion in net new assets by mid-December as investors chose ETFs to implement the "bonds-are-back" trade, after the asset class suffered one of its worst years in 2022.

While some broad bond indexes fell by up to 30% last year, November saw the Bloomberg Global Aggregate bond index gain 5%, marking its second-best month in 30 years.

Eyes now turn to when the Federal Reserve and other policymakers will start cutting rates, with 83% of professional investors in a recent ETF Stream survey stating 2024 would be the [year of fixed income](https://www.etfstream.com/articles/will-2024-finally-be-the-year-of-fixed-income-etfs) versus just 40% for equities.

## Brexit Fragmentation Risks 

Next, three key issuers have yet to register their new Irish platforms in the U.K.—in an unintended [consequence of Brexit](https://www.etfstream.com/articles/why-the-uk-has-fallen-out-of-favour-with-etf-issuers).

Elsewhere, BNP Paribas Asset Management also launched its ICAV last year and is currently undergoing the lengthy process of registering in the U.K.

 
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## ETFs Gaining Over 100% 

Finally, three ETFs have [gained over 100%](https://www.etfstream.com/articles/which-etfs-returned-over-100-in-2023) this year, led by the [**VanEck Crypto &amp; Blockchain Innovators UCITS ETF (DAPP)**](https://www.etfstream.com/etf-screener/DAPP) with 182% gains and followed by rival products from Global X and BlackRock.

While DAPP has a highly concentrated basket, Invesco’s blockchain ETF has almost twice as many constituents and has booked more modest gains of 33%, owing to its more tangential exposure to blockchain technologies.



 

 

 [ Jamie Gordon ](/contributors/jamie-gordon) 

 

 

  Jamie started at ETF Stream as a reporter in January 2021. Previously, he was a senior journalist at the UK Investor Magazine, Investment Observer, UK…   [View Bio](/contributors/jamie-gordon)

 



 

 


 Related Topics  [Bond](http://www.etf.com/topics/bond) 

 [Fixed Income](http://www.etf.com/topics/fixed-income) 

 [Europe](http://www.etf.com/topics/europe)