Fund Management
Europe's Mutual Fund Industry Pulled In Net Inflows During November - Data
The month of November was a positive one for Europe's mutual fund industry - with the exception of bond funds.
The European mutual fund industry logged net inflows of €2.3
billion ($2.49 billion) into long-term mutual funds for November,
taking estimated overall net sales of such funds to €322.7
billion since the start of January, according to Thomson Reuters
Lipper.
Equity funds (+€5.2 billion) were the best-selling asset
type, followed by alternative UCITS (+€2.8 billion), mixed-asset
funds (+€2.0 billion), real estate funds (+€300 million)
and commodity funds (+€200 million).
Bond funds (-€7.8 billion) saw the highest net
outflows. Money market products logged net inflows of €23.0
billion.
The fund markets with the highest net inflows for November were
Ireland (+€20.4 billion), France (+€5.2 billion), Luxembourg
(+€3.8 billion), Germany (+€2.1 billion), and the UK (+€1.3
billion). Switzerland (-€2.2 billion), Norway (-€2.2
billion) and Spain (-€1.5 billion) saw net outflows, figures
showed.
BlackRock, with net sales of €5.5 billion, was the best-selling
fund group for November overall, ahead of Goldman Sachs (+€5.4
billion) and Aviva (+€4.8 billion).
