European fund inflows hit €167bn year to date – Lipper

Lipper’s latest snapshot of European fund market trends point to October net inflows of some €16.4bn, taking the total year to date figure to €167.7bn.

October was a strong month for equity funds, but overall year to date bond funds still dominate net sales, with over €93bn taken so far.

Over the month, investors sought out certain peripheral Europe, as evidenced by Spain accounting for single country fund net sales of €2.2bn. This was easily more than the net withdrawal of €-0.2bn from Germany and Netherlands both, although Portugal saw withdrawals hit €-0.3bn.

Money market funds continue to shed money, with net outflows of Luxembourg and Ireland domiciled funds hitting €-3.8bn.

The top three brands by net sales were BlackRock (€6.8bn), JP Morgan Asset Management (€2bn) and Schroders (€1.1bn).

The top five funds by net sales through October were:

DeAWM – DB Advisors SICAV PB Enhanced Fixed Income Strategy (estimated net sales of €1,141.9m)

La Caixa Group – Foncaixa Rentas Enero 2018, FI (€834.2m)

UBI- UBI SICAV Multiasset Europe 50 (€729.5m)

Santander – Santander Fondepositos, FI €593.9m)

Prudential/M&G – M&G Optimal Income Fund (€562.9)

To read the full Lipper report click here:

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