Europe’s fund sales hit seven year high in January – Lipper
Sales of funds in Europe, excluding money market funds, hit €54.4bn in January, the highest one month total since January 2006, according to Lipper.
Including the net withdrawals of €4.5bn from money market funds, the total for the month was €49.9bn.
Cross-border funds attracted inflows of €43.5bn excluding money market funds, a sum that is the biggest ever recorded by Lipper.
There was a particular recovery in the German (with estimated net sales of €3.5bn), Swiss (€1.6bn), Italian (€1.5bn) and Belgian (€693m) markets for cross-border funds.
Pimco, BlackRock and Franklin Templeton are the three groups that dominated, with net sales of €4.1bn, €3.7bn and €3.5bn respectively.
Click here to read Lipper’s[asset_library_tag 6435, European Fund Market Review 2013]