
August showed a positive picture for the European fund industry, since only funds from the “other” category (-€0.6 bn) faced net outflows during the month. On the other side of the table bond funds (+€22.9 bn) were the best selling asset type of long-term funds for August, followed by mixed-asset funds (+€2.3 bn), alternative UCITS products (+€1.9 bn), equity funds (+€1.9 bn), real estate funds (+€0.2 bn), and commodity products (+€0.1 bn). These fund flows added to overall net inflows of €28.5 bn into long-term investment funds for August. Even though these flows, in combination with the money market fund