Equities led bond inflows in Europe’s exchange-traded fund sector in January.
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Equities led bond inflows in Europe’s exchange-traded fund sector in January.
Spanish investors piled out of equity funds and into fixed income in January. Global equity and Spanish equity funds saw €230 million and €194 million of redemptions, respectively, according to the local funds body.
2019 saw a bond bonanza but fixed income allocations are likely to be more neutral this year, finds Nick Fitzpatrick.
Multi-asset funds and passive equity funds were the big winners in 2019, but property and active funds were hit hard by outflows. By Edward Glyn, head of global markets at Calastone.
The geopolitical risks that dominated markets for much of 2019 faded in Q4, helping both global equity and corporate bond markets as investor sentiment improved, writes Sean Thompson.
German retail investors placed €120.2 billion in open-ended funds last year, the funds industry trade body said as it also called for a “regulatory shift” in the EU that could unleash more resources for investment in technology and new markets.
French asset managers are considering options such as benchmark changes in order that certain retail funds available in France can keep their tax advantages after Brexit.
BNY Mellon Investment Management has launched a ‘sustainable real return’ fund, which invests in various asset classes, potentially including commodity exposure.
Investment markets performed well in 2019, with global equities returning more than 20% and a positive picture for fixed income, with global bonds and credit returning around 10% (as of October 31, 2019).
BlackRock had the highest net fund sales in Europe last year, with €79.4 billion of net inflows.
