According to Morningstar’s latest European fund flows data, this represented the highest inflow figure for bond funds since August 2010.
Those focused on corporate debt dominated inflows, with Pimco, M&G and AllianceBernstein big beneficiaries of the trend.
Meanwhile, equity funds saw net redemptions in the month, returning to a longer-term trend of outflows.
In total €189m was pulled out of equity funds in February, with funds investing in Europe, the UK and the US particularly unpopular.
Dan Lefkovitz from Morningstar’s research team, said: "After sending money into funds of all types in January, European investors were more selective in February. Investors are clearly hungry for yield and consider corporate balance sheets to be healthier than those of Western governments."
