Deutsche Asset Management's exchange traded funds division has posted a dramatic turnaround in sales performance for the first six months of this year, ending a prolonged period of outflows which caused it to haemorrhage $12bn globally last year.

Deutsche's Xtrackers arm pulled in $6.2bn in European ETF sales for the first six months of this year — making it the fifth best-selling provider during the period, according to data from ETFGI.