Last updated: 09:32 / Friday, 8 January 2016
Thomson Reuters Lipper Report

Switzerland, Norway and Spain the European fund markets with the biggest outflows in November

Imagen
Switzerland, Norway and Spain the European fund markets with the biggest outflows in November
  • Ireland saw inflows of €20.4 billion
  • Switzerland saw outflows of €2.2 billion
  • In general the European mutual fund industry enjoyed net inflows of €2.3 bn

According to Detlef Glow, Head of EMEA research at Lipper, assets under management in the European mutual fund industry enjoyed net inflows of €2.3 billion into long-term mutual funds for November.

While Ireland (+€20.4 bn), France (+€5.2 bn), Luxembourg (+€3.8 bn), Germany (+€2.1 bn), and the United Kingdom (+€1.3 bn) were the single fund markets with the highest net inflows for November,  Switzerland (-€2.2 bn), Norway (-€2.2 bn), and Spain (-€1.5 bn) stood on the other side.

In terms of asset classes, Equity funds with €5.2 billion enjoyed the highest net inflows for the month, followed by alternative UCITS products with €2.8 billion and mixed-asset funds with €2 billion. Meanwhile, bond Funds, which in October had the highest net inflows, suffered during November from the highest net outflows, loosing €7.8 billion.

Money market products enjoyed net inflows of €23 billion for November.

The best selling sectors within the segment of long-term mutual funds in November where:

·       Equity Europe with €2.1 billion

·       Absolute Return EUR Medium Term with €1.9 billion

·       Bond EUR Corporates with €1.8 billion

Amongst ETF promoters, Blackrock’s iShares with €5.46 billion, Goldman Sachs with €5.42 billion and Aviva €4.81 billion, were the best selling ones.

The best selling ETF for November was the SLI Global SICAV Global Absolute Return Strategies A EUR, which accounted for net inflows of €966.26 million

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