Key Takeaways
- • iShares leads the EMEA ETF issuer ranking with $1.358 trillion in AUM, more than three times the $424.3 billion managed by second-place Amundi (Trackinsight, January 2026 update).
- • The top three issuers, iShares, Amundi and Xtrackers by DWS ($351.2 billion), together manage roughly $2.13 trillion, or about 70% of the top-10 total of roughly $3.05 trillion.
- • Vanguard ($242.8 billion), UBS ($184.2 billion), Invesco ($172.2 billion) and SPDR ($147.9 billion) fill positions four through seven.
- • WisdomTree ($62.3 billion) is the first issuer outside the top three to fall below $100 billion, and the tenth-ranked J.P. Morgan Asset Management has $51.2 billion.
Summary
The ETF industry in Europe, the Middle East and Africa (EMEA) has grown strongly over the past decade, driven by demand for transparent, low-cost vehicles and broader access to global markets. Institutional and retail investors increasingly use passive strategies, making ETFs a central part of asset allocation across the region. Within this expanding market, a small group of asset managers holds a dominant share of assets, with the largest issuers running hundreds of billions of dollars across equities, fixed income, commodities and thematic exposures.
Trackinsight, a platform specializing in ETF and fund data analysis and selection, updated its ranking of the largest ETF issuers in the EMEA region by assets under management in January 2026. In that ranking, iShares holds $1,358,144 million, well ahead of the rest of the field. Amundi is second at $424,305 million, followed by Xtrackers at $351,170 million. Vanguard ($242,754 million), UBS ($184,212 million), Invesco ($172,246 million) and SPDR ($147,874 million) complete the next four positions.
Below the top seven, the field thins quickly. WisdomTree, at $62,347 million, is the first issuer in the top ten to fall under $100 billion. HSBC ($51,645 million) ranks ninth and J.P. Morgan Asset Management ($51,172 million) is tenth. The spread between ninth and tenth is less than $0.5 billion.
The article does not provide a methodology beyond stating that the ranking is based on AUM, and it is presented for informational purposes only. Readers should note that AUM rankings reflect a single snapshot and that figures from other data providers may differ in timing and classification.
Trackinsight, a platform specializing in ETF and fund data analysis and selection, updated its ranking of the largest ETF issuers in the EMEA region by assets under management in January 2026. In that ranking, iShares holds $1,358,144 million, well ahead of the rest of the field. Amundi is second at $424,305 million, followed by Xtrackers at $351,170 million. Vanguard ($242,754 million), UBS ($184,212 million), Invesco ($172,246 million) and SPDR ($147,874 million) complete the next four positions.
Below the top seven, the field thins quickly. WisdomTree, at $62,347 million, is the first issuer in the top ten to fall under $100 billion. HSBC ($51,645 million) ranks ninth and J.P. Morgan Asset Management ($51,172 million) is tenth. The spread between ninth and tenth is less than $0.5 billion.
The article does not provide a methodology beyond stating that the ranking is based on AUM, and it is presented for informational purposes only. Readers should note that AUM rankings reflect a single snapshot and that figures from other data providers may differ in timing and classification.
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