European inflows hit EUR15.7bn in February, says Lipper FMI
European inflows totalled EUR15.7bn in February (excluding money market funds), a month-on-month fall for the first time since November, according to Lipper FMI's latest monthly European fund flows snapshot.
With money market activity included, total industry sales rose to EUR18bn, thanks in part to French investors’ biggest move into money market funds for a year (EUR3.6bn).
Sales activity for bond funds improved again, albeit only EUR160m, compared to the redemptions seen in the past three months. Equity fund flows dropped to EUR4.6bn in February (EUR15.3bn last month).
BlackRock moved to the top of the leader board in terms of group sales, with EUR3.6bn, underpinned by flows into equity funds of EUR2.6bn. Robeco and Henderson were in second and third place for equity sales, each with just over EUR530m.
Franklin Templeton was the most successful group for bond fund sales, attracting EUR1.4bn thanks to the ongoing appetite for two global bond products.
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