Morningstar: European fund giants suffer outflows in December 2023
European-domiciled funds as a whole attracted a net €49bn in 2023
European-domiciled funds as a whole attracted a net €49bn in 2023
Money market funds were the only asset class to achieve positive net flows in 2023
A potential end to interest rate hikes injected optimism back into UK investors, who favoured passive funds over their active counterparts
While 2023 flows as a whole belonged to money market strategies
Some funds were flooded with fresh cash last year, while the likes of Fundsmith Equity and Liontrust Special Situations lost billions
Equities funds collectively shed a net £1.62bn
Five L&G passive funds in top ten
Marks 28 months of consecutive outflows for UK equities
Platform flows have fallen from £2.4bn to £1.2bn over one year
Global equities pulled in a net £18.9bn since July 2021, while regional strategies suffered £21.1bn outflows
July was the second-highest inflow month this year for equities ETPs
In aggregate London listed ETFs booked an £8.3bn net inflow in June