Mutual funds lost €3.2 billion in January

Mutual funds in Europe suffered outflows of €3.2 billion in January, in what was the ninth consecutive month of net outflows following 16 consecutive months of net inflows.

According to data from Refinitiv, bond funds, with inflows of €12.7 billion, were the best-selling individual asset type overall for January.

Global emerging markets bond funds in hard currencies, with inflows of €4.4 billion was the best-selling sector among long-term funds for January.

The fund domicile with the highest net inflows, driven by inflows into money market products of €19.1 billion, was France which enjoyed inflows of €16.0 billion.

Sweden and Switzerland were in second and third places with net inflows of €2.6 billion and €2.3 billion respectively.

Generali, with net sales of €3.3 billion, was the best-selling fund promoter for January overall, ahead of Credit Mutuel (+€2.2 billion) and BNP Paribas Asset Management (+€2.1 billion).

The ten best-selling long-term funds gathered at the share-class level total net inflows of €30.2 billion in January.

Axa’s Strategy Fund Professional Invest S fund was, with sales of €16.2 billion, the best-selling individual long-term fund for January.

©2019 funds europe

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