July was the fifth month of the year in which long-term mutual funds posted net inflows.
The overall fund flows for mutual funds in Europe in July amounted to net inflows of €81.5 bn.
Money Market funds (+€38.3 bn) were the best-selling individual asset type overall for July, according to Detlef Glow, Lipper’s head of EMEA research at Refinitiv.
Equity Global (+€14.5 bn) was the best-selling sector among long-term funds for July.
Ireland (+€43.3 bn) was the fund domicile with the highest net inflows, followed by France (+€19.2 bn), which was driven by flows into money market products (+€20.6 bn), Luxembourg (+€13.3 bn), Switzerland (+€3.1 bn), and the U.K. (+€1.1 bn).
BlackRock was the best-selling fund promoter for July overall, with net sales of €20.1 bn, ahead of Amundi (+€11.5 bn) and JP Morgan (+€7.1 bn).
The ten best-selling long-term funds gathered at the share-class level amounted to net inflows of €17.0 bn for July.
Amundi CA 13/08/2019 C (+€5.0 bn) was the best-selling individual long-term fund for July.