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

OCC continues to fulfill its role as a SIFMU

The Options Clearing Corporation won clearing house of the year: the Americas at...

CDSClear boosts market efficiency with new platform

LCH's credit default swap service launched an Electronic Exercise Platform in...

Are Brains Blocking Business Change?

By Dr Patrick McCreesh of Simatree working alongside Pirum

UnaVista takes reconciliation to a third dimension

UnaVista MiFIR Reconciliations won best new technology product: reconciliations...

Itiviti SI toolkit kickstarts new regime

Itiviti Systematic Internaliser won best new technology product: trading and...