Last updated: 22:33 / Monday, 8 August 2016
Thomson Reuters Lipper Report

Brexit Uncertainty Drives Down AUM in the European Mutual Fund Industry

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Brexit Uncertainty Drives Down AUM in the European Mutual Fund Industry
  • The study highlights the impact of the Brexit vote on the industry so far in 2016
  • Bond funds were the favorite in H1
  • BlackRock led the sales table

According to Detlef Glow, Head of EMEA research review at Thomson Reuters Lipper, and considering the rough market conditions during the first half 2016 and the concerns about a possible “Brexit” vote in the United Kingdom, it was not surprising that the assets under management in the European mutual fund industry decreased from the record level of €8.88tr (December 31, 2015) to €8.76tr at the end of June 2016.

This decrease of €126.7bn was mainly driven by the performance of the underlying markets (-€156.2bn), while net sales contributed net inflows of €29.5bn to the overall change in assets under management in the European fund industry.

Other findings include:

  • Bond funds enjoyed the highest net inflows (+€38.8 bn) during first half 2016.
  • Bond Global (+€7.1 bn) was the best selling long-term mutual fund category over the first half 2016.
  • BlackRock (€593.8 bn) at the end of June accounted for more assets under management than the following two fund promoters together.
  • BlackRock led the sales table for first half 2016 with net sales of €18.1 bn.

The full report is available here.
 

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