Long-term mutual funds posted net inflows for April 2021, with overall fund flows for mutual funds and ETFs in Europe amounting to an estimated net +EUR86.6 billion, according to the April European fund flow industry report from Refinitiv Lipper team.
Equity funds (+EUR35.6 billion) were by far the best-selling asset type overall for April 2021, while Equity Global (+EUR17.2 billion) was once again the best-selling sector among long-term funds.
Luxembourg (+EUR28.8 billion) was the fund domicile with the highest net inflows, followed by Ireland (+EUR21.3 billion) and France (+EUR18.3 billion).
BlackRock (+EUR20.2 billion) meanwhile, was the best-selling fund promoter in Europe for April, ahead of Amundi (+EUR6.2 billion), and BNP Paribas Asset Management (+EUR5.2 billion).
Detlef Glow, Head of EMEA Research at Refinitiv Lipper, says: “European investors were in a mixed mood over the course of April, even as the situation with regard to the COVID-19 pandemic in Europe has been easing up.
“Nevertheless, April 2021 was another positive month for the European fund industry since the promoters of mutual funds (+EUR69.9 billion) and ETFs (+EUR16.6 billion) enjoyed inflows. The overall flow pattern in Europe has further normalized as investors in Europe continued to be in risk-on mode in April. In more detail, investors bought further into risky assets as long-term funds (EUR79.6 billion) and money market products (EUR7.0 billion) enjoyed estimated net inflows. As opposed to the general flow pattern, Money Market EUR (EUR18.2 billion) was the best-selling classification for the month.”
