Positive end to 2011 for fund flows, but Europe lags

Mixed-chartFlows into non-money market funds worldwide returned to positive territory in the last quarter of 2011 following heavy outflows in the previous quarter.

Figures from the European Fund and Asset Management Association (Efama) show that “long-term” funds – those not including money market funds – received €11 billion in Q4 last year, versus €58 billion of outflows in the quarter before.

However, flows were driven by the US, while Europe saw outflows of €61 billion.

Another driver was bond funds. Equity and balanced/mixed funds worldwide continued to see outflows, though at a reduced rate.

Including money market funds, net inflows were €83 billion in Q4 and total assets worldwide increased by 7.5% to reach €19.97 trillion.

©2012 funds europe