France domiciled funds AUM up 3.8% mom

Assets under management for France domiciled funds market have amounted to €854bn in July 2015, up 3.8% month-on-month and up 11.2% since the start of the year, Europerformance said.

The market’s AUM have increased by €31bn in one month.

Europerformance has found out that France domiciled funds have recorded €21.7bn net inflows in July 2015.

Money market and equity funds have drawn inflows with respectively €19.88bn and €1.05bn net new money recorded last month, whilst bond funds have seen outflows (-€593m).

Europerformance also observed that assets allocated to long-term ETFs overtake those allocated to active management.

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