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.