- Switzerland, Ireland and Norway, the fund markets with biggest inflows in February
- Luxembourg, UK and Spain, the markets with the highest outflows
- Bond funds remains the asset type with the biggest outflows
According to Detlef Glow, Head of EMEA research at Lipper, assets under management in the European mutual fund industry faced net outflows of €24.5 bn from long-term mutual funds during February.
The single fund markets with the highest net inflows for February were Switzerland (+€1.5 bn), Ireland (+€1.2 bn), Norway (+€0.8 bn), Germany (+€0.4 bn), and Andorra (+€0.1 bn). Meanwhile, Luxembourg was the single market with the highest net outflows (-€18.3 bn), bettered by the United Kingdom (-€2.8 bn) and Spain (-€0.8 bn).
Absolute Return EUR Medium (+€1.6 bn) was the best selling sector for February among long-term funds.
In terms of asset types, Bond funds (-€11.5 bn) were the one with the highest outflows in Europe for February, by equity funds (-€8.4 bn), mixed-asset funds (-€5.8 bn), and “other” funds (-€0.8 bn). On the other side of the table alternative UCITS funds (+€1.1 bn) saw the highest net inflows, followed by real estate products (+€0.6 bn) and commodity funds (+€0.3 bn).
BlackRock, with net sales of €5.4 bn, was the best selling fund group for February overall, ahead of Generali (+€2.9 bn) and Legal & General (+€2.7 bn). MMA II - European Muti Credit BI (CHF hedged) (+€0.7 bn) was the best selling individual long-term fund for February.
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