The rollercoaster ride of Europe’s fund sales

Dinamic graphEuropean long-term mutual fund sales fell by an estimated €36.5 billion in August. Figures out today from Lipper show even mixed assets, which Lipper calls “the darlings of European investors for quite a while”, saw €300 million flow out. Equity funds saw net outflows of €23.1 billion and bonds saw net outflows of €18.4 billion. €9.1 billion flowed out from funds in Luxembourg, which was the largest loss for a country in August, followed by Germany and the UK. The single fund market with the highest net inflows for August was France, at €7.8 billion, followed by the Netherlands and Spain. Apart from the broad downturn in sales, Lipper’s August figures show alternative Ucits funds sold positively in August, with €3.4 billion of net sales. The estimated downturn in long-term mutual fund sales in Europe comes as figures from the European Fund and Asset Management Association – also published today – show that a month earlier, in July, investor confidence was returning, leading to net inflows of €39 billion in long-term Ucits funds. ©2015 funds europe

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