
European investors bought further back into mutual funds and ETFs in September. Even as the global equity markets recovered further in a volatile environment, investors returned to long-term mutual funds because they expected the massive stimulus packages from central banks and governments globally to keep interest rates low and to foster global economic growth despite upcoming uncertainties from a possible second wave of COVID-19 lockdowns in Europe. As a result, long-term mutual funds posted overall net inflows for the month. Equity funds (+€26.4 bn) were the best-selling asset type overall for September, followed by bond funds (+€6.7 bn), mixed-assets funds