UPDATE 1-European ETF assets hits all-time high-BGI

* ETF assets reach $192 bln at end-Aug.

* Emerging market and fixed ETFs drive growth

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LONDON, Sept 17 (Reuters) - European exchange traded fund (ETF) assets hit an all-time high of $192 billion at the end of August, driven by strong demand for emerging market and fixed income ETFs, according to a report from Barclays Global Investors BARC.L.

The fund manager’s report, published on Thursday, found that assets were 5.3 percent above the previous all-time high of $182.5 billion set in July 2009.

For a graphic showing European ETF asset growth, click here: here

ETFs, which track market indices, saw strong growth over the past year as jittery investors sought the safety of conservative assets.

“The net inflows of $15.2 billion in the past six months shows demand for ETFs is still growing as clients view ETFs as useful tools to help them implement many types of exposures,” said Deborah Fuhr, Global Head of ETF Research and Implementation Strategy at BGI.

Emerging market equity ETFs have seen the largest increase in assets, growing by $8.8 billion in the year to date to reach $16.3 billion at the end of August

ETFs tracking European countries were the next most popular category in terms of absolute U.S. dollar growth, followed by fixed income ETFs.

Year-to-date assets have risen by 34.7 percent which is more than 21.6 percent rise in the MSCI Europe index in US dollar terms, BGI said. (Reporting by Raji Menon; editing by Karen Foster and Simon Jessop)