Net outflows from long-term European mutual funds continued for a fourth consecutive month in August, according to a report from Lipper at Refinitiv.
The four months of outflows follow 16 consecutive months of net inflows.
The report showed that, with inflows of €2.3 billion, mixed-asset funds were once again the best-selling individual asset type overall for August.
The report also showed that:
• Overall fund flows for mutual funds in Europe amounted to net outflows of €15.8 billion for August.
• Equity US (+€2.3 billion) was the best-selling sector among long-term funds for August.
• Germany (+€1.3 billion) was the fund domicile with the highest net inflows, followed by Sweden (+€0.8 billion) and Switzerland (+€0.7 billion).
• Insight, with net sales of €2.2 bn, was the best-selling fund promoter for August overall, ahead of Natixis (+€1.7 billion) and Vanguard Group (+€1.4 billion).
• The ten best-selling long-term funds gathered at the share-class level enjoyed net inflows of €8.2 billion for August.
• LGIM Global Corporate Bond B GBP Acc Hgd (+€2.3 billion) was the best-selling individual long-term fund for August.
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