European investors bought further back into mutual funds and ETFs in August. Since the global equity markets recovered further, 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 after the lockdowns caused by the outbreak of COVID-19 are lifted in more countries around the globe. As a result, long-term mutual funds posted overall net inflows for the month. Bond funds (+€19.9 bn) were the best-selling asset type overall for August, followed by equity funds (+€11.0 bn), alternative UCITS funds

The coronavirus pandemic hit the European fund industry with declining markets and estimated net outflows of €125.9 bn in the first quarter of 2020. This trend reversed over the course of the second quarter as central banks and governments around the globe started quantitative easing programs and economic relief packages to cushion the economic drawdowns caused by the spread of the coronavirus and the lockdowns of economies around the globe. The measures taken led to a rebound of the equity markets accompanied by falling interest rates. The return to somewhat normal market circumstances led investors to buy back into mutual

European investors bought further back into mutual funds and ETFs in May after massive outflows from these products in March. Investors returned to the markets after they had somewhat stabilized after the massive stimulus packages by central banks and governments globally following the outbreak of COVID-19, which caused widespread worldwide lockdowns and stoked fears of a global recession. As a result, long-term mutual funds posted overall net inflows for the month. Bond funds (+€29.6 bn) were the best-selling long-term asset type for May, followed by equity funds (+€7.9 bn), mixed-assets funds (+€5.7 bn), commodities funds (+€2.4 bn), ”other” funds (+€0.7