Well, that's all right, ain't it? 'Nice one, boss.' Yes, Voice. Our Detlef is doing us proud with all these PR emails. Not like those ... Coutts. 'Ha! Whatever happened to those guys?' I have no idea. Who cares anyway?!
Anyway ...
The European fund industry faced massive estimated net outflows in Q1 2020.
The overall fund flows for mutual funds in Europe amounted to estimated net outflows of €125.9 bn for Q1 2020.
By The Light Of The Magical Moon. Come on!
Commodities funds (+€5.5 bn) were the best-selling individual asset type overall for Q1 2020.
Equity Global (+€8.1 bn) was the best-selling sector among long-term funds for 2019.
Goldman Sachs, with net sales of €14.1 bn, was the best-selling fund promoter for Q1 2020 overall, well ahead of Vanguard Group (+€8.9 bn) and UBS (+€5.1 bn).
The European fund market increased by 16 funds over the course of Q1 2020.
The overall fund flows for mutual funds in Europe amounted to estimated net outflows of €125.9 bn for Q1 2020.
By The Light Of The Magical Moon. Come on!
Commodities funds (+€5.5 bn) were the best-selling individual asset type overall for Q1 2020.
Equity Global (+€8.1 bn) was the best-selling sector among long-term funds for 2019.
Goldman Sachs, with net sales of €14.1 bn, was the best-selling fund promoter for Q1 2020 overall, well ahead of Vanguard Group (+€8.9 bn) and UBS (+€5.1 bn).
The European fund market increased by 16 funds over the course of Q1 2020.
Okay, okay. Let's hear from Detlef then ...
Detlef Glow, Lipper Head of EMEA Research at Refinitiv, comments: "The Thing hit the European fund industry with declining markets and estimated net outflows of €125.9 bn in the first quarter of 2020. The flows were mainly driven by developments around the spread of The Thing and the lockdowns of economies around the globe since these circumstances may lead to a global recession with further falling stock markets.
"Central banks and governments have put rescue programs into place to reduce the impacts of lockdowns on the economy, as well as on the society in general, which will lead to an increase in outstanding government debt and a restart of the money printing machines. Taking all of this into account, it was not surprising that Q1 2020 was a tough period for the European fund industry."
Thanks, Detlef!
Lockdowns? Of course, not everyone follows the rules, man. Some people advise the government ... oh, saying we've got to stay indoors, yeah, while they go out themselves and get up to all kinds of shenanigans. 'Ha!' What a piss-take!
Christ! And some of these loons reckon that healthy people over the age of seventy will be happy to stay at home for the rest of the year while everyone else is having a big picnic in the park. FFS! 'What park, boss?' Any park, Voice. It doesn't even have to be a picnic. The point is ... ah, forget it.
Let's talk about music, kook(s).
I'm only rehearsing about an hour a day at the moment. I'm not feeling very motivated. 'Blame that guy, boss!' Oh, I do blame him, believe me.
Right. I'll play some happy tunes to get rid of my anger ...
Shiny Happy People. R.E.M. / I don't like this song. It's making me feel worse. 'Turn it off!' Okay, okay. How about ...
Dancing Queen. ABBA. / 'This is more like it!'
By The Light Of The Magical Moon. T. Rex. / Yeah, a special request.
Ah, that's enough.
Laters!
