european investors turn on backs on equity
According to Morningstar’s latest fund flow research, European investors heavily sold out of equities in favour of fixed income funds during the second quarter of the year.
Fund Flows
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efama total ucits down non-ucits up
Total assets in Ucits funds fell by 0.8% in May to 5.8bn, while non-Ucits funds saw total assets boosted by 0.7% to 2.3bn, according to latest statistics from the European Fund and Asset Management Association (Efama).
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bond funds headed for a record year of inflows
Investors stayed on course with their current bond buying spree and continued to dump equities last week, as bond funds absorbed another $3.4bn of inflows, according to EPFR Global.
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best q1 of sales since
The European funds industry had its best Q1 of inflows since the start of the financial crisis, according to latest data from Lipper.
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aberdeen inflows still show heavy reliance
Aberdeen Asset Management saw AUM grow £14.8bn in the six months to the end of March, as a strong showing from its equity products mitigated weaker appetite for its fixed income and multi-asset offerings.
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dax etfs lead europes redemptions
European bond and equity funds saw outflows hit 20- and 38- week highs respectively, as the political pendulum swung against austerity in France and the Netherlands last week.
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equity fund sales up 50 per cent
Equity fund sales across Europe were up by 50% in February from the previous month, with 6.3bn flowing into long-term funds in the asset class, while high yield bond funds broke record sales.
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selective investors favour fixed income
Investors poured more than 15bn into long-term European-domiciled funds in February, with fixed income funds by far the favoured asset class attracting 12.5bn in inflows.
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fixed income funds hit new inflows record
Fixed income funds posted a new weekly inflows record of $7.57bn in the second week of March, despite signs that returns in some bond sectors have started to falter under the recent flood of fresh money.
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fund sales europe positive first in six months
EFAMA’s stats for January show positive net fund sales in Europe for the first time since the start of last summer.
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time for more innovative funds
2011 was neither a vintage year for markets nor, as weve found out this week, was it one of product expansion with a contraction in the number of available funds for only a second time in the past decade.
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early bullishness sees equity fund
Equity funds saw monthly inflows for the first time since August 2011 in January, but investors are still overwhelmingly showing a preference for bond funds, with the asset class seeing its highest monthly sales since October 2010.