Given the general market environment over the course of September 2022, it was not surprising that the European fund industry faced outflows over the course of the month. That said, one needs to bear in mind that the geopolitical situation in Europe, the still ongoing COVID-19 pandemic, disrupted delivery chains, an increasing inflation, and increasing interest rates are impacting the expectations of investors. In addition to this the market turmoil in the UK, the announcement of the so-called mini-budget at the end of September might have also contributed to the overall outflows from mutual funds and ETFs. The promoters of

Following the good performance of the equity markets globally, European investors continued to be in risk-on mode in December. The sentiment of investors might have been supported by a calm market during the trade war between the U.S. and China, as well as a clearer situation around Brexit after the general election in the UK, since both led to a better outlook for general economic growth and company earnings for the year ahead. As a result, December was the tenth month during which long-term mutual funds posted net inflows in 2019. Equity funds (+€26.3 bn) were the best-selling asset type

The European fund industry enjoyed estimated net inflows of €199.9 bn over the course of the first three quarters of 2019. These inflows follow the first year with estimated net outflows since 2011. These inflows occurred in a volatile but positive market environment driven by discussions of a possible trade war between the U.S. and China, an unclear situation around Brexit, and a general economic slowdown with decreasing earnings at the company level. Nevertheless, since the equity markets showed double digit returns over the course of 2019 so far, one would expect to see net inflows into mutual funds. That

European investors pulled back further from long-term mutual funds as the market environment and general sentiment stayed negative. As a consequence, July was the third month 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 (+€1.1 bn) and real estate funds (+€0.7 bn), while all the other asset types in the segment of long-term mutual funds witnessed net outflows. Bond funds (-€0.7 bn), “other” funds (-€1.0 bn), commodity funds (-€1.1 bn), and alternative UCITS funds (-€1.9 bn) as well as equity funds  (-€2.1

The assets under management in the European fund industry stood at €9.0 tr at the end of third quarter 2016. Equities were the largest peer group with regard to the assets under management (€3.3 tr), followed by bond funds (€2.5 tr), mixed-asset funds (€1.7 tr), money market products (€1.1 tr), alternative UCITS funds (€0.2 tr), real estate products (€0.2 tr), as well as commodity funds (€0.03 tr) and “other” products (€0.02 tr). Exchange-traded funds (ETFs) held €480.1 bn in assets under management at the end of September, equalling a market share of 5.33% of the overall assets under management in