- Ten funds had net inflows of €13.1 billion in Spetember
- BlackRock ICS Institutional USD Liquidity Core Acc led sales in Europe
- UK, Germany and Switzerland were the biggest markets
According to the latest monthly snapshot of European fund flow trends (data as at end September 2015) from Thomson Reuters, while the European funds industry faced estimated net outflows of €17 billion from long-term mutual funds for September, the ten best selling funds that month gathered net inflows of €13.1 billion.
BlackRock ICS Institutional USD Liquidity Core Acc was the best selling individual fund for September, netting €1.7 billion inflows. In total, the ten best selling funds - seven money market products, three equity funds and one mixed-asset fund- gathered net inflows of €10.3 billion for September.
Mixed-asset funds, with net inflows of €2 billion, were the best selling asset class overall, followed by alternative UCITS products, which added €1.8 billion, and real estate funds with inflows of €400 million. Money market products faced overall net outflows of €14.4 billion for September.
The single fund markets with the highest net inflows for September were:
- United Kingdom €3.7 billion
- Germany €1.7 billion
- Switzerland €0.4 billion
While the higher outflows came from:
- France -€19.8 billion
- Luxembourg -€9.3 billion
- Netherlands -€4.0 billion
BlackRock, with net sales of €6.1 billion, was the best selling group for September overall, ahead of Standard Life with €1.4 billion and V anguard which sold €1.1 billion.