European Fund-Flow Trends: May 2018-A grim month for long-term mutual funds-continued

June 25, 2018--European investors pulled back from long-term mutual funds as the market environment and the general sentiment turned negative. As a consequence, May was the first month posting net outflows from long-term mutual funds after 16 consecutive months showing net inflows.
That said, European fund promoters still enjoyed net inflows into mixed-asset funds (+€2.5 bn), followed by commodity funds (+€1.4 bn) and alternative UCITS funds (+€1.4 bn) as well as real estate funds (+€0.4 bn), while net flows to “other” funds (-€0.8 bn), equity funds (-€7.4 bn) and bond funds (-€15.9 bn) were negative.

These fund flows added up to overall net outflows of €18.5 bn into long-term investment funds for May. ETFs contributed €1.6 bn to these flows.

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Source: Detlef Glow, Thomson Reuters


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