Investors continued to pour cash into Europe-domiciled equity funds in May, while fixed income funds suffered €16.5bn of net outflows and long-term experienced withdrawals of €15.8bn, the worst monthly result since March 2020.
The latest Morningstar European fund flows report showed that equities managed to stay in positive territory with €2.9bn of new net subscriptions last month, a modest result when compared with the average of the last two years. Within equities, global large-cap blend, water, ecology and income equity funds were the main beneficiaries. In terms of monthly organic growth, SEK short-term bond, agricultural commodities, USD government bond, and water funds showed the highest rates. With gains of €6.5bn in May, funds of US government bonds were the most popular category within the fixed i...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
