Amundi just beat BlackRock in January to be the firm with the most sales in Europe, data shows.
The French asset manager saw €9 billion of net sales during the first month of the year, while BlackRock – so often used to being the dominant player in rankings – saw €8.7 billion. UBS came third with €4.5 billion.
The data, from Thomson Reuters Lipper and contained in its ‘European Fund Flows Report’ for January, also showed that Baillie Gifford Global Alpha Growth A Acc was the best-selling long-term fund, with €4.1 billion of inflows.
The report further shows that equity funds, with €30.2 billion of sales, were the best-selling individual asset type. Money market funds were second with €29.8 billion.
Overall fund flows to mutual funds in Europe amounted to net inflows of €88.6 billion during the month.
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