Bond funds hit 10-year record inflows in July, Lipper

Bond funds enjoyed inflows of €21.7bn in July, the largest one month total in more than ten years, giving no suggestion that investors have been spooked by the huge volumes that continue to flow into the asset class, according to the latest European funds flow trends published today by Lipper.

Long-term fund sales in Europe, excluding money market funds, hit a 4-month high in July with net sales of €14.9bn, bringing the year-to-date total for these funds to €81.3bn

Including money market funds, the industry fared less well with net sales of €2.4bn. Money market funds suffered outflows of -€12.5bn.

High yield funds were again among the most popular sectors with inflows of €7.1bn across different currencies.

The best-selling groups for the month were PIMCO (€3.2bn), AXA (€2bn), BlackRock (€1.2bn), Pictet (€960m) and Carmignac (€910m).

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