BlackRock was the largest selling fund promoter in Q1, though with its ETF sales taken out it would have ranked fourth largest.
BlackRock’s ETF business accounted for one-third of its €22.1 billion net inflows in Q1, said Thomson Reuters Lipper.
Including ETFs, the three best-selling providers were BlackRock, Amundi (€20.4 billion) and JP Morgan (€12.8 billion).
Bond funds had sales of €71.3 billion and were the best-selling asset type overall, followed by mixed-asset funds (€37.6 billion), equity funds (€34.5 billion), and alternative Ucits products (€10.7 billion).
On a single asset class basis, Pimco was the best-selling promoter of bond funds in Q1 with €11.8 billion of sales.
Pimco was followed by BlackRock, UBS, Amundi and Carmignac Gestion.
BlackRock, with €8.3 billion of net inflows, topped equity sales, followed by Vanguard Group, Societe Generale, Amundi and Deutsche Bank.
Allianz placed first for multi-asset funds with €3.3 billion of sales, followed by FundPartner Solutions, KBC, Union Investment and Azimut.
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