European AM industry posted €112bn inflows in Q1

Long-term mutual funds saw overall net inflows of €35.8bn, becoming the strongest driver in Q1 2014, the latest Lipper report has revealed.

The net inflows for March were driven mainly by flows into bond funds (+€21.5bn), followed by mixed-asset funds (+€8.5bn) and equity products (+€3.6bn), the report also showed.

Also, funds from  property products (+€0.3bn), as well as alternative/hedge funds (+€0.1bn) and commodity funds (+€0.03bn) saw net inflows.

Conversely, money market funds themselves faced net outflows of €7.2bn for March 2014. Despite the net outflows for February and March, money market funds still posted net inflows of €15.1bn for first quarter 2014.

While providing early indicators for April activity, the report highlighted that Luxembourg- and Ireland-domiciled bond funds might be the best selling asset class for April, with projected net inflows of around €14.4bn, followed by equity funds (+€8.4bn) and mixed-asset products (+€4.6bn).



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