Money market funds top pick for European investors in October

Arrow upMoney market funds were the best-selling asset in October, while investors sold out of global emerging market bond funds.

According to Refinitiv Lipper’s European Fund Flow Report for October 2021, money market funds attracted €66.9 billion in net inflows during the month and long-term mutual funds posted €49.2 billion.

Equity global was the best-selling sector among long term funds, attracting €12.9 billion in net inflows.

According to the report, the worst-selling Lipper global classifications by estimated net sales were bonds sectors.

The bond emerging markets global, for example, faced the highest estimated net outflows for October at €1.5 billion, bettered by bond emerging markets global hc at €1.4 bn).

The equity UK sector lost €1.1 billion.

Ireland was the fund domicile with the highest net inflows with €34.8 billion in October, followed by France at €32.4 billion, and Luxembourg at €28.0 billion.

Meanwhile, BlackRock was the bestselling fund promoter in Europe, ahead of Amundi and JPMorgan.

Detlef Glow, head of EMEA research at Refinitiv Lipper, said: “Inflows into money market products boosted the fund flows for October 2021, while European investors were in general further in a risk-on mode over the course of the month.

“Given the general market environment it was no surprise that October 2021 was a positive month for the European fund industry since mutual fund and ETF promoters enjoyed inflows.”

He added: “The overall flow pattern in Europe showed that investors continued to be in risk-on mode in October even as the general flow pattern was driven by inflows into money market products."

© 2021 funds europe

Thought leadership


What should investors expect in 2024?

For the year ahead we expect lower growth, lower inflation and limited interest rate easing. Find out more in AXA IM’s Outlook 2024.

Ocorian switching admins native

Why are managers switching fund administrator?

13% of alternative fund managers are looking to switch their fund administrator over the next 18 months. Find out why.



This whitepaper outlines key challenges impeding the growth of private markets and explores how technological innovation, when bolstered by the operational experience and global reach of FMIs, can provide solutions to unlock access to private market funds for a growing investor base.


Transporting goods by sea is the lowest carbon way of transporting goods. That said, the shipping sector contribute 3% of global carbon emissions, so we need it to get to net zero. Breakthrough technologies have the power to reshape the industry and drastically reduce its environmental footprint.


Executive Video Interviews

Why fund admin tech is a key competitive advantage

Cian Hyland, Strategic Client Relationship Director at Deep Pool Financial Solutions spoke to us about how technology enables efficient data management, reporting automation and secure data access.

Insights from State Street

Cuan Coulter, Global Head of Asset Managers and Head of UK and Ireland at State Street, discusses how fund managers decide between the two cross-border fund domiciles, namely Ireland and Luxembourg, and why asset managers find managing data so difficult.

Unlocking access to private markets

Vincent Clause, who heads the global funds strategy at Euroclear and David Genn, CEO of Goji, sit down with Funds Europe to explain how technological innovation, bolstered by operational experience and global reach, can provide solutions that unlock access to private markets.

Sustainable investing in the DC world

Claire Felgate, a specialist in UK defined contribution pension schemes at asset manager BlackRock, talks with Funds Europe editor Nick Fitzpatrick about how - and the pace at which - DC pension schemes are adapting to the requirements of sustainable investment.



Watch our webinar for a deep dive into the findings of the fresh-off-the-press EU Taxonomy 2023 Insights Report, based on Clarity AI's best-in-class coverage of EU Taxonomy reported data and CDP industry-leading environmental datasets. 

In this webinar, we discuss tools for optimising fund data management and distribution, the role of global fund classifications and ratings, and how technology and automation enhance data integrity and insights.