November 2020 was another positive month for the European fund industry since the mutual fund promoters enjoyed inflows (+€74.7 bn). Meanwhile, the market environment has become quite uncertain as the second wave of the COVID-19 pandemic hit major markets in Europe and investors feared a second coronavirus lockdown-induced economic downturn. Despite these fears, investors bought into risk assets as long-term funds enjoyed estimated net inflows of €67.4 bn while money market products had estimated inflows of €7.3 bn. Equity funds (+€63.4 bn) were the best-selling asset type overall for November 2020. The category was followed by mixed-assets funds (+€77.6 bn)