The promoters of mutual funds and ETFs enjoyed estimated net inflows of €28.8bn and €31.3bn respectively in December according to LSEG Lipper’s review of the headline fund flow trends in the European fund industry.
Over the course of 2024 mutual funds saw net inflows of €363.9bn and ETFs saw net inflows of €256.4 bn.
Long-term products (+€42.0 bn) enjoyed inflows for the month as well as over the course of 2024 (+€345.9 bn).
Meanwhile equity products (+€24.7 bn) were the best-selling asset type for the month, while bond products led the table for 2024 (+€295.3 bn).
Equity U.S. (+€19.3 bn) was the best-selling Lipper Classification for December, while Money Market EUR led the table for the year 2024 (+€162.2 bn).
BlackRock was the best-selling fund promoter in Europe for December (+€13.7 bn) as well for the year 2024 (+€142.6 bn).
Detlef Glow, Head of Lipper EMEA Research, LSEG, said: “These inflows occurred in a mainly positive market environment. While most equity markets were on the rise despite the high valuations of the market leaders over the course of the month, some bond segments faced the impacts from rising rates as yield curves have somewhat started to normalize.
“This might also be the reason why investors are somewhat nervous and reacting quickly on any news that may impact the current market environment negatively. That said, the election of Donald Trump as the next U.S. president had a positive impact on the U.S. equity market and the U.S. dollar.”
