European funds enjoy inflows of €41bn

European funds enjoy inflows of €41bn

The European funds industry enjoyed net inflows of €41bn ($53bn) into long-term mutual funds in July, according to a report by Lipper. 

Bond funds, with estimated net inflows of €18.6bn, were the best selling asset class overall, followed by mixed-asset products (€13.0bn), equity funds (€11.8bn) and commodity funds (+€0.1bn)

"Looking at Luxembourg- and Ireland-domiciled long-term mutual funds, bond funds should be the best selling asset class for August, followed by equity funds and mixed-asset products," said Detlef Glow, Head of Emea research "It seems bond funds continue in European investors’ favour so far in 2014."

Provisional figures estimate bond fund inflows will be €5.8 bn for August 2014, followed by euqity fund inflows at €4bn and multi-asset product inflows of €2.1bn.

Single fund market flows for long-term funds showed a mixed but positive picture for July; only 9 of the 33 Eurozone markets covered in the report showed net outflows. Among these were France (-€0.9bn), Portugal (-€0.1bn), and Greece (-€0.05 bn).

The market with the highest net inflows was once again Italy (+€5.3bn), followed by Spain (+€2.7bn) and Switzerland (+€2.5 bn). 

BlackRock, with net sales of €4.0bn, was the best selling group of long-term funds for July, ahead of Deutsche Asset & Wealth Management (+€3.2 bn) and JPMorgan Asset Management (+€3.0 bn).


Related articles:


Thought Leaders

DTCC’s Roadmap to SSI Automation

DTCC's white paper – The Roadmap to Automation

Are You Leaving Shareholder Money on the Table?

If you are not lending securities to unlock embedded intrinsic value...

2019 – A Regulatory Red-Letter Year?

By Phil Morgan, Chief Operating Officer at Pirum

Notice of Euribor Class Action Settlement

Read this if you transacted in Euribor Products between June 1, 2005 and March...

HSBC: Collateral concentration

HSBC has significantly enhanced its cross-asset financing and collateral trading...