Europe equity funds make four consecutive weeks of inflows

Europe equity funds made it to their fourth consecutive week of inflows last week – though French equity products saw redemptions ahead of the weekend election.

The European equity fund sector has seen a rebound with inflows during nine weeks of the past 12.

During this time, funds with a value approach have been favoured over growth, said EPFR Global, which collects global fund flow figures.

The preference was also distinctly for pan-Europe rather than individual countries.

“While investors showed little enthusiasm for most individual European markets, they continued to buy into the broad growth and valuation story offered by the region as a whole,” said Cameron Brandt, research director at EPFR.

France equity funds, for example, posted outflows for the eighth time in the past nine weeks – though French equities rebounded this morning after the weekend’s first-round presidential election.

EPFR Global’s weekly data is for the five business days until each Thursday.

Brandt said that all of the major EPFR Global-tracked developed market equity funds struggled to attract fresh money during the third week of April, while emerging market equity funds posted inflows for the 13th time in the past 16 weeks.

©2017 funds europe

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