- 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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