February saw the fourteenth consecutive month of net inflows into long-term mutual funds in Europe, according to figures from Thomson Reuters Lipper.
Detlef Glow, head of Emea research, said that equity funds – which saw inflows of €16.1 billion last month – were the best-selling individual asset class among long-term mutual funds for February.
The research also found that:
• Money market products, which saw outflows of €30.7 billion last month, were the asset class with the highest net outflows for February;
• Overall fund flows to mutual funds in Europe amounted to net inflows of €4.3 billion for February;
• With inflows of €4.1 billion last month, US equities was the best-selling sector among long-term funds;
• Luxembourg (+€8.4 billion) was the fund domicile with the highest net inflows, followed at some distance by Belgium (+€3.0 billion), Switzerland (+€2.7 billion), Denmark (+€1.2 billion) and Spain (+€0.9 billion);
• Mercer, with net sales of €3.6 billion, was the best-selling fund promoter for February overall, ahead of Bank Degroof Petercam (+€3.1 billion) and UBS (+€2.6 billion).
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