Bond funds continue winning inflow streak

Bond funds continued their positive inflow streak in June as European fund promoters overall enjoyed net inflows of €21.8 billion.

The long-term mutual funds segment saw Thomson Reuters Lipper global bond category as once again the best selling sector with €7.2billion of inflows.

This was followed by categories for short-term bonds denominated in euros,  hard currency global emerging markets bonds and then their local currency peers.

Meanwhile equity funds saw €300 million of outflows, though as recently reported, equity ETFs saw inflows in June.

Despite equity outflows, the best selling fund was the Aegon Diversified Equity Fund with sales of €1.27 billion demonstrating that diversification was a driver for fund flows in June.

An increased willingness to take risks with investments was evident as money market products posted “massive” net outflows for June, dovetailing with the pick up in flows towards active funds.

Luxembourg (+€10.9 billion) was the fund domicile with the highest net inflows for June, followed by Ireland, the United Kingdom, the Netherlands and Switzerland.

©2017 funds europe

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