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Net sales of long-term funds back in black says Lipper

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Net sales of long-term funds (excluding money market funds) were catapulted back into positive territory in January (EUR22.4bn) after five months of redemptions, according to Lipper’s latest Fund Flash.

Sales of money market funds boosted this total further, so that the European funds industry as a whole enjoyed inflows of EUR30.7bn, a 9-month high.

Allianz/PIMCO has started the year fastest out of the blocks with net sales of EUR2.8bn in January. When looking just at equity funds it is Aberdeen that leads the field, with net sales of EUR1bn.

Those funds at the top of the best-sellers list were Ashmore’s Emerging Markets Liquid Investment Portfolio (EUR970m) and PIMCO’s GIS Global Investment Grade Credit fund (EUR885m)

Absolute return funds saw inflows of EUR880m, with this money split between different asset types: mixed asset products had sales of EUR1bn, but bond-based absolute return funds suffered redemptions of EUR410m.
 

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