The negative fund-flows trend in Europe continued in May. As a consequence, May was the thirteenth month in a row long-term mutual funds posted net outflows after 16 consecutive months of net inflows. Taking the current interest rate environment into account, it was surprising that bond funds (+€5.0 bn) were once again the best-selling asset type in the segment of long-term mutual funds, followed by real estate funds (+€1.0 bn) and commodity funds (+€0.3 bn). All other asset types faced outflows: equity funds (-€22.0 bn), alternative UCITS funds (-€5.7 bn), mixed-asset funds (-€5.2 bn), and “other” funds (-€0.4 bn). These

The negative trend with regard to fund flows in Europe continued in February even as the securities markets rebounded. As a consequence, February was the tenth month in a row long-term mutual funds posted net outflows after 16 consecutive months of net inflows. Given the current interest rate environment, it was surprising that bond funds (+€7.6 bn) were the best-selling asset type in the segment of long-term mutual funds, followed by real estate funds (+€0.2 bn) and “other” funds (+€0.1 bn). All other asset types faced outflows: alternative UCITS funds (-€8.6 bn), equity funds (-€4.2 bn), mixed-asset funds (-€3.3 bn),

Looking at the headline figures, first quarter 2018 could be considered a business-as-usual quarter for the European fund industry, since the assets under management (+€10.5 tr) hit a new all-time high at the end of March. After a year of record inflows the European fund industry enjoyed further net inflows of €81.5 bn over the course of first quarter 2018. Assets Under Management in the European Fund Industry The assets under management in the European fund industry increased from €10.4 tr to €10.5 tr over first quarter 2018. This increase was mainly driven by net new sales (+€81.5 bn), while

European Fund-Flow Trends, June 2017 June was the sixth consecutive month showing a positive picture for long-term mutual funds. European fund promoters enjoyed net inflows into bond funds (+€21.8 bn), followed by mixed-asset funds (+€10.6 bn), alternative UCITS products (+€4.3 bn), and real estate funds (+€0.6 bn) as well as commodity funds (+€0.001 bn). Meanwhile, equity funds (-€0.3 bn) and, once again, “other” funds (-€1.2 bn) faced net outflows. These fund flows added up to overall net inflows of €35.7 bn into long-term investment funds for June. ETFs contributed €7.8 bn to these flows. Money Market Products Opposite to the