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Beverly Chandler

European funds sustained net outflows in September


Detlef Glow, Lipper’s head of EMEA research reports that the European funds industry faced estimated net outflows of EUR17.0 billion from long-term mutual funds for September.

Mixed-asset funds (+EUR2.0 billion) were the best selling asset class overall, followed by alternative UCITS products (+EUR1.8 billion) and real estate funds (+EUR0.4 billion).

 Money market products faced overall net outflows of EUR14.4 billion for September, Glow finds. The single fund markets with the highest net inflows for September were the UK (+EUR3.7 billion), Germany (+EUR1.7 bn), and Switzerland (+EUR0.4 billion). France (-EUR19.8 billion), Luxembourg (-EUR9.3 billion), and the Netherlands (-EUR4.0 billion) stood on the other side.
The best selling sector for September among long-term funds was Equity Eurozone (+EUR1.7 billion) and BlackRock, with net sales of EUR6.1 billion, was the best selling group for September overall, ahead of Standard Life (+EUR1.4 billion) and Vanguard (+EUR1.1 billion).
 The ten best selling funds gathered net inflows of EUR13.1 billion for September and        BlackRock ICS Institutional USD Liquidity Core Acc (+EUR1.7 billion) was the best selling individual fund for September.

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