European funds suffer second month of net outflows

European mutual funds suffered net outflows of €38.3 billion in June: the second month in a row with net outflows following 16 consecutive months of net inflows.

Data from Thomson Reuters Lipper shows that mixed-asset funds were, as in May, the bestselling individual asset type overall enjoying inflows of €3.4 billion.

With inflows of €2.3 billion, US equities was the bestselling sector among long-term funds for June.

Switzerland (+€1.2bn) was the fund domicile with the highest net inflows last month, followed by Germany (+€0.9bn), Belgium (+€0.2bn), Liechtenstein (+€0.2bn), and Sweden (+€0.1bn).

Goldman Sachs, with net sales of €3.9 billion, was the bestselling fund promoter for June overall, ahead of Generali (+€3.0bn) and Morgan Stanley (+€1.7bn).

©2018 funds europe

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