Bond funds continued to see strong demand, taking in half of the flows over the month, Detlef Glow, head of EMEA research at Lipper said, while equity funds and mixed-asset products brought in £9.6bn (€12bn) and £8.8bn (€11bn).
The positive trends seen at the top of the scale also filtered through to demand for commodities, alternative/hedge funds and property funds.
According to Glow, in the long-term funds data, asset allocation products fared best, with inflows of £5.4bn (€6.7bn), while emerging market bonds saw inflows of £3.1bn (€3.8bn), closely followed by inflows into flexible bonds which came in at £2.8bn (€3.5bn).
Judging from the preliminary data for May, Glow said, early indicators are that bond funds remain in favour with European investors.
“Looking at Luxembourg- and Ireland-domiciled funds, bond funds – with projected net inflows of around £9.3bn (€11.6bn) – might be the best selling asset class for May.”
