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European funds AuM raises by €1trn

European funds inflowsNet inflows played a large part in driving assets under management (AuM) in the European funds industry upwards by €1 trillion in 2017.

According to Thomson Reuters Lipper, there were inflows of €756.9 billion last year and AuM rose from €9.4 trillion to €10.4 trillion.

Bond funds were the best-selling asset type with €289.4 billion of net inflows, followed by mixed-asset funds, equity funds and alternative Ucits products.

The data also showed that ETFs had net inflows of €94.7 billion, driving assets to an all-time high of €633.9 billion at the end of 2017.

BlackRock was the largest fund promoter in Europe, followed by Amundi and JP Morgan. BlackRock was also the best-selling fund promoter for the year with net sales of €101.1 billion.

The European fund market declined by 97 funds over the course of 2017, the lowest decline by number of funds in the past five years.

Bond funds had the highest number of mergers while equity funds had the highest number of liquidations and mixed-asset funds showed the highest number of fund launches.

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