Despite the market turbulence caused by the outbreak of the novel coronavirus and the following COVID-19 pandemic induced lockdowns of economies around the globe, the year 2020 seems to be a successful year for the European fund industry. Even as the final numbers are not accounted yet, it looks like 2020 will be the year with the second highest overall inflows into mutual funds and exchange-traded funds (ETFs) in Europe (€449.69 bn as of November 30, 2020). That said, not all fund promoters in Europe might agree with this view, as the year showed strong fund flow trends which didn’t