European investors pulled further away from long-term mutual funds as the market environment and general sentiment stayed negative. As a consequence September was the fifth month in a row posting net outflows from long-term mutual funds after 16 consecutive months showing net inflows. Real estate funds (+€0.8 bn) enjoyed net inflows, while all the other asset types in the segment of long-term mutual funds witnessed net outflows: bond funds (-€8.9 bn), alternative UCITS funds (-€8.0 bn), mixed-asset funds (-€1.9 bn), equity funds (-€1.3 bn), and ”other” funds (-€1.0 bn) as well as commodity funds (-€0.6 bn). These fund flows added

European investors pulled back further from long-term mutual funds as the market environment and general sentiment stayed negative. As a consequence August was the fourth month in a row posting net outflows from long-term mutual funds after 16 consecutive months showing net inflows. That said, European fund promoters still enjoyed net inflows into mixed-asset funds (+€2.3 bn) and real estate funds (+€0.5 bn), while all other asset types in the segment of long-term mutual funds witnessed net outflows: bond funds (-€7.4 bn), alternative UCITS funds (-€2.5 bn), “other” funds (-€0.6 bn), and commodity funds (-€0.6 bn) as well as equity