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 โฌ81.5 bn.
Money Market funds (+โฌ38.3 bn) were the best-selling individual asset type overall for July, according to Detlef Glow, Lipperโs head of EMEA research at Refinitiv.
Equity Global (+โฌ14.5 bn) was the best-selling sector among long-term funds for July.
Ireland (+โฌ43.3 bn) was the fund domicile with the highest net inflows, followed by France (+โฌ19.2 bn), which was driven by flows into money market products (+โฌ20.6 bn), Luxembourg (+โฌ13.3 bn), Switzerland (+โฌ3.1 bn), and the U.K. (+โฌ1.1 bn).
BlackRock was the best-selling fund promoter for July overall, with net sales of โฌ20.1 bn, ahead of Amundi (+โฌ11.5 bn) and JP Morgan (+โฌ7.1 bn).
The ten best-selling long-term funds gathered at the share-class level amounted to net inflows of โฌ17.0 bn for July.
Amundi CA 13/08/2019 C (+โฌ5.0 bn) was the best-selling individual long-term fund for July.
ย
Leave a Comment