Bringing you live news and features since 2006 

European flags
European flags

European long-term fund sales hit 23-week high


Long-term fund sales in Europe (excluding money market funds) hit a 23-month high of EUR28.9bn in September, bringing the year-to-date total for these funds to EUR135.6bn, according to Ed Moisson of Lipper.

Investors withdrew from money market funds (primarily linked to cyclical activity in France) so that industry net sales including these products were EUR19.8bn for the month and a year-to-date total of EUR123bn.
Money continued to pour into bond funds (EUR21.6bn), the third month in a row above the EUR20bn mark, and the industry was further boosted by equity funds returning to positive territory for the first time since March, with net sales of EUR4.6bn.

High yield bonds and emerging market debt were still very much to the fore, with net sales EUR7.6bn for the former and EUR4.5bn for the latter (across hard and local currency funds) in September.
For equity funds, most striking was the revival of interest in European equity funds, with net sales of EUR3.1bn, although global emerging market equity funds continued to attract inflows (EUR1.8bn).

Latest News

21Shares AG has announced that the firm has added staking to the 21Shares Cosmos ETP (ATOM) and the 21Shares Avalanche..
EFAMA has published its latest Monthly Statistical Release for May 2024...
Solactive writes that it has expanded its collaboration with Kiwoom Asset Management by providing the underlying indices to the KIWOOM..
MSCI has announced the launch of MSCI Private Capital Indexes, writing that with growing investor interest in private markets, high..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by