The European fund industry turned positive again in terms of net inflows in the first six months of 2019 according to the latest Lipper European fund industry report from Refinitiv.
Overall net fund inflows for mutual funds in Europe totalled EUR41.3 billion for H1 2019, with bond funds (+EUR130.7 billion) the best-selling individual asset type overall for the period.
Bond Global USD, meanehile, (+EUR32.9 billion) was the best-selling sector overall.
AXA, with net sales of EUR28.6 billion, was the best-selling fund promoter for H1 2019 overall, well ahead of BlackRock (+EUR23.1 billion), and PIMCO (+EUR23.0 billion).
Overall flows from non-retail (+EUR15.6 billion) and retail investors (+EUR25.5 billion) were also positive in H1 overall, despite negative performance in the second quarter.