Given the current market environment, it was not surprising to see that the European fund industry enjoyed estimated net inflows for July. These inflows occurred in an unstable market environment in which some asset classes showed positive results, while others performed negatively over the course of the month. The market sentiment was still driven by hopes that central banks, especially the U.S. Federal Reserve, may have reached the last phase of their fight against high inflation rates and may, therefore, start to keep interest rates at least stable quite soon. Some investors already expect that there might be room for

It was not surprising to witness that the European fund industry enjoyed inflows over the course of the first half of 2023. Nevertheless, these inflows occurred in an unstable market environment in which some asset classes showed positive results, while others performed negatively. The market sentiment was still driven by hopes that central banks, especially the U.S. Federal Reserve, may have reached the last phase of their fight against high inflation rates and may, therefore, start to keep interest rates at least stable quite soon. Some investors already expect that there might be room for decreasing interest rates later this

It was not surprising that April 2023 was in general a positive month for the European fund industry given the rather positive revisions of the economic outlooks for the major economies globally and a possible end of the interest hiking cycle of central banks in the near future. That said, mutual fund promoters (+€5.0 bn) and ETFs promoters (+€11.0 bn) enjoyed inflows over the course of the month. The inflows into actively managed funds were driven by inflows into money market products (+€10.0 bn). Within the current market environment, it is not surprising that European investors bought money market products,

On May 8, 2023, Refinitiv Lipper unveiled the results of the Refinitiv Lipper Fund Awards for Europe. Like previous years, the award ceremony was not held as a physical in-person event. Since the last five years were a very challenging period for fund managers globally, the Refinitiv Lipper Fund Awards will get a lot of attention from the asset management industry since only those managers who were able to adapt their portfolios permanently to new market environments will receive a Refinitiv Lipper Fund Award in 2023.  Different methodologies lead to different results Contrary to what a number of market observers would

Assets Under Management in the European Fund Industry The assets under management within the European fund industry increased within the volatile but positive market environment over the course of Q1 2023. Therefore, it is no surprise that assets under management for all product types with the exception of real estate funds have increased. In more detail, the assets under management in the European fund industry increased from €13,313.1 bn as of December 31, 2022, to €13,809.3 bn at the end of March 2023. Graph 1: Assets Under Management in the European Fund Industry, January 1, 2002 – March 31, 2023

It was not surprising that March 2023 was in general a positive month for the European fund industry given the rather positive revisions of the economic outlooks for the major economies globally and a possible end of the interest hiking cycle of central banks in the near future. That said, mutual fund promoters (-€2.0 bn) faced outflows, while ETF promoters (+€13.0 bn) enjoyed inflows. The outflows from actively managed funds were driven by outflows from mixed-assets products (-€13.7 bn). Within the current market environment, it is somewhat surprising that European investors sold mixed-assets products since these products were European investors

On April 13, 2023, Refinitiv Lipper unveiled the results of the Refinitiv Lipper Fund Awards for France. Like previous years, the award ceremony was not held as a physical in-person event. Since the last five years were a very challenging period for fund managers globally, the Refinitiv Lipper Fund Awards will get a lot of attention from the asset management industry since only those managers who were able to adapt their portfolios permanently to new market environments will receive a Refinitiv Lipper Fund Award in 2023. Different methodologies lead to different results Contrary to what a number of market observers

2022 was a remarkable year for investors around the globe. Some may call it a year for the history books. Major economic and geopolitical headwinds resulted in falling equity and fixed income markets around the globe. In the aftermath of the COVID-19 pandemic, investors were concerned about the still-disrupted delivery chains and increasing inflation rates when the year 2022 started. All these concerns became overshadowed by Russia’s invasion of Ukraine since this meant that investors had to rewrite their playbook for the year. The war in Ukraine led to increasing prices for energy and food, which fuelled the already increasing

Given the generally positive market environment over the course of October 2022, it was not surprising that the European fund industry enjoyed overall estimated inflows 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, increasing interest rates triggered by high and in some cases still further increasing inflation rates are all impacting investor expectations. With regard to this, the estimated flows at the asset type level show that European investors are further in risk-off mode as long-term funds faced overall outflows,

Given the current economic situation around the globe it was no surprise that the European fund industry faced declining assets under management over the course of the year 2022 so far, as the geopolitical situation in Europe, the still ongoing COVID-19 pandemic, disrupted delivery chains, increasing inflation, and interest rate hikes put some pressure on the securities markets. Within this environment, the assets under management in the European fund industry decreased from €15.3 tr (as of December 31, 2021) to €13.3 tr at the end of Q3 2022. While ETFs held €1.2 tr, or 9.23% of the assets under management

Given the positive market environment over the course of July 2022, it was somewhat 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 the investors. The promoters of mutual funds (-€41.2 bn) and ETFs (-€0.4 bn) faced outflows. The outflows from ETFs were the first outflows from these products since March 2020. With regard to accelerating rise of inflation rates and

Assets Under Management in the European Fund Industry Given the current situation in the economies around the globe it was no surprise that the European fund industry faced declining assets under management over the course of the year 2022 so far, as the geopolitical situation in Europe, the still ongoing COVID-19 pandemic, disrupted delivery chains, increasing inflation, and interest rate hikes put some pressure on the securities markets. Within this environment the assets under management in the European fund industry decreased from €15.3 tr (as of December 31, 2021) to €13.3 tr at the end of Q2 2022. While ETFs