December outflows hit Europe’s funds industry

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Europe’s funds industry saw net outflows of €1.4bn in December from long term mutual funds, according to data published by Lipper.

However, this average masks wider dispersion in the performance of the different markets within the region: some 12 out of 33 markets included in the data saw net inflows through the month.

Italy was the market with the biggest inflows, €2.5bn, followed by Sweden on €2.2bn, and the UK on €2bn.

In contrast Norway saw net withdrawals of €-2.6bn, and Portugal of €-2bn, according to the data.

The three best selling brands were Vanguard, €2.6bn, Nordea, €1.3bn, and Amundi, €1bn.

Looking to January figures, which are yet to be confirmed, Lipper suggests that Luxembourg and Ireland domiciled bond funds have attracted the biggest net inflows for the start of the year of around €11bn.


Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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