European investors flee equity funds and move to bonds

European fund flows were a positive €22 billion for July, a month which saw investors continue to move away from equity funds. Equity funds, measured by Lipper, saw €7.7 billion of outflows, the most of any asset class. The beneficiary of the changing shape of fund flows were bond funds, which enjoyed €25.4 billion in inflows. Alternative Ucits funds and mixed asset funds followed, with €4 billion and €1.6 billion, respectively. Also aiding to keep fund flows positive were commodity products and real estate funds which saw inflows of €1 billion and €100 million respectively. Within the broad universe of bond funds, it was emerging market debt funds in hard currencies which was the best selling sector among long term funds, with €5.4 billion of inflows. In terms of jurisdictions, Ireland and France enjoyed the most inflows with €18 billion each, followed by Germany at €3.2 billion. Conversely, Luxembourg was the single market with the highest net outflows at €5.5 billion, followed by the UK at €2.3 billion and Belgium at €1.6 billion. ©2016 funds europe

Executive Interviews

INTERVIEW: ‘It is what it is’

Dec 22, 2016

Jeff Conway, regional chief executive for State Street, talks to David Stevenson about regulation and how the firm will handle the challenge of tech disruption.

MASHREQ CAPITAL INTERVIEW: A new direction

Dec 22, 2016

The new chief executive of Mashreq Capital talks to George Mitton about fund launches, management style and why he is the right person for the job.

Roundtables

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.

EMERGING MARKETS ROUNDTABLE: The re-emergence

Jan 03, 2017

2016 was the year emerging markets returned to the spotlight, as they regained ground since the 2012 sell-off. Funds Europe asked our panel if this appetite will persist in 2017.