Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

10364

European funds see redemptions of EUR3.6bn in May

RELATED TOPICS​

The European funds industry suffered redemptions of EUR3.6bn in May, reducing the total for net sales over the year-to-date to EUR108.8bn, according to Lipper’s latest FundFlash report.



The picture looked even grimmer for long-term funds (excluding money market funds) as outflows reached EUR11.8bn, with investors withdrawing EUR13.1bn from equity funds.

At group level, BlackRock enjoyed inflows of EUR1.8bn in May, although when ETFs are stripped out Allianz/PIMCO tops the table with EUR1.6bn, as bond funds remain the favoured asset class.

The three best-selling mutual funds this month were PIMCO GIS Global Investment Grade Credit (EUR830m), AllianceBernstein American Income Portfolio (EUR750m), and Allianz US High Yield (EUR740m).

Sales of absolute return funds hit their lowest monthly total of 2012, at EUR350m, bringing their year-to-date total to EUR5.6bn.

Latest News

The trading and investment platform eToro has extended its proxy voting feature to all stocks..
C8 Technologies, the London-based fintech founded by former BlueCrest Capital Management partners Mattias Eriksson and..
DWS has announced the latest development in its strategic growth push in Alternative Credit with..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by