Europe long-term fund sales totalled EUR28.8 billion (US$441.3 billion) in February, above the EUR20 billion mark for the seventh consecutive month, according to Lipper’s latest monthly snapshot of European fund flow trends
Money market fund sales were essentially flat at EUR240 million, as investors withdrew from pound to Euro denominated funds. There were investments in US$-denominated funds, thus moving industry-wide fund sales up to EUR29 billion when this activity is included.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Mixed assets funds attracted inflows of EUR7.9 billion in February, representing the best start to the year for the asset class in Lipper’s sales records (since 2002).
Cross-border funds attracted inflows of EUR 22.2 billion (excluding money market funds), nearly 50% lower than January’s total, although still above the 2012 monthly average of EUR18.3 billion.
With inflows of EUR1.6 billion, JPMorgan made a return to the list of best-selling groups, behind BlackRock (EUR3.2 billion) and PIMCO (EUR2.0 billion). Aberdeen (EUR1.4 bn) and Franklin Templeton (EUR1.3 bilion) also enjoyed net sales above EUR1 billion this month.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
