Investors held on to equity funds in June despite the asset class losing 2.2% as markets fell.
Equity funds saw the greatest inflows compared to other fund sectors during the month, finishing off a broadly positive quarter for flows into the asset class.
During the second quarter (Q2), European equity funds were among the greatest asset gatherers, according to Lipper data.
Fund managers saw positive flows into all asset classes in Q2 with the exception of money market funds.
The pattern changed in June. Net flows into bond funds, for example, turned negative due to rising yield volatility.
But interest in equities persisted and Lipper says this could be explained by central banks remaining committed to zero rates.
As well as European equities, funds in the Equity Global ex-US and Japan categories also dominated equity net inflows for the quarter, while equity US income and equity US funds saw the greatest outflows.
Overall, the report found that assets under management in the global fund market stalled at around $36 trillion (€32.8 trillion) in recent months.
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