Home Business NewsInvestors returned to mutual funds in July

Investors returned to mutual funds in July

by LLB Editor
28th Aug 19 10:48 am

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 โ‚ฌ81.5 bn.

Money Market funds (+โ‚ฌ38.3 bn) were the best-selling individual asset type overall for July, according to Detlef Glow, Lipperโ€™s head of EMEA research at Refinitiv.

Equity Global (+โ‚ฌ14.5 bn) was the best-selling sector among long-term funds for July.

Ireland (+โ‚ฌ43.3 bn) was the fund domicile with the highest net inflows, followed by France (+โ‚ฌ19.2 bn), which was driven by flows into money market products (+โ‚ฌ20.6 bn), Luxembourg (+โ‚ฌ13.3 bn), Switzerland (+โ‚ฌ3.1 bn), and the U.K. (+โ‚ฌ1.1 bn).

BlackRock was the best-selling fund promoter for July overall, with net sales of โ‚ฌ20.1 bn, ahead of Amundi (+โ‚ฌ11.5 bn) and JP Morgan (+โ‚ฌ7.1 bn).

The ten best-selling long-term funds gathered at the share-class level amounted to net inflows of โ‚ฌ17.0 bn for July.

Amundi CA 13/08/2019 C (+โ‚ฌ5.0 bn) was the best-selling individual long-term fund for July.

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