Yeah, it's, uh ... the European fund flows report from the Lipper team at Refinitiv. But I guess you've already worked that out, dear reader(s). 'They read the title, boss.' Pardon? 'They probably read the title of this post.' Yes, Voice. My readers are very clever like that. A lot of them are professionals, you know. 'Really.' Not that it will help them much on the Day of Judgement.
Anyway ...
Long-term mutual funds posted net inflows for May 2020.
The overall fund flows for mutual funds in Europe in May amounted to estimated net inflows of €96.1 bn.
Bond funds (+€29.6 bn) were the best-selling individual asset type overall for May.
Equity Global (+€6.2 bn) was once again the best-selling sector among long-term funds for May.
California Dreamin'.
Ireland (+€30.8 bn) was the fund domicile with the highest net inflows, followed by Luxembourg (+€26.3 bn) and the U.K. (+€5.6 bn).
JP Morgan was the best-selling fund promoter for May overall, with net sales of €16.8 bn, ahead of BlackRock (+€13.7 bn) and Morgan Stanley (+€4.2 bn).
The 10 best-selling long-term funds gathered at the share class level net inflows of €8.7 bn for May.
QSF - Global Macro Bond I Acc (+$1.6 bn) was the best-selling individual long-term fund share class for May.
The overall fund flows for mutual funds in Europe in May amounted to estimated net inflows of €96.1 bn.
Bond funds (+€29.6 bn) were the best-selling individual asset type overall for May.
Equity Global (+€6.2 bn) was once again the best-selling sector among long-term funds for May.
California Dreamin'.
Ireland (+€30.8 bn) was the fund domicile with the highest net inflows, followed by Luxembourg (+€26.3 bn) and the U.K. (+€5.6 bn).
JP Morgan was the best-selling fund promoter for May overall, with net sales of €16.8 bn, ahead of BlackRock (+€13.7 bn) and Morgan Stanley (+€4.2 bn).
The 10 best-selling long-term funds gathered at the share class level net inflows of €8.7 bn for May.
QSF - Global Macro Bond I Acc (+$1.6 bn) was the best-selling individual long-term fund share class for May.
And, uh ... ENDS ... ? 'No, no, no! Christ! Where the hell is Detlef?!' Ha! Here he is, silly -
Detlef Glow, Lipper Head of EMEA Research at Refinitiv, comments: "European investors bought further back into mutual funds and ETFs in May after massive outflows from these products in March. Investors returned to the markets after they had somewhat stabilized after the massive stimulus packages by central banks and governments globally following the outbreak of The Thing, which caused widespread worldwide lockdowns and stoked fears of a global recession.
"As a result, long-term mutual funds posted overall net inflows for the month. Bond funds (+€29.6 bn) were the best-selling long-term asset type for May, followed by equity funds (+€7.9 bn), mixed-assets funds (+€5.7 bn), commodities funds (+€2.4 bn), 'other' funds (+€0.7 bn), and real estate funds (+€0.6 bn). On the other hand, alternative UCITS funds (-€6.0 bn) were again the only asset type with net outflows from long-term mutual funds. These fund flows added up to overall estimated net inflows of €40.9 bn into long-term investment funds for May. ETFs contributed inflows of €5.3 bn to these flows."
Nice one, Detlef! 'He's still trying to make sense of it all, boss.' Of course he is! Our Detlef will never give in. Never!
ENDS
...
Anything else? Music? Why not?! This isn't a finance blog, man. I'm not fooling anyone.
My voice is stronger. ['Er ...' Not you, idiot.] I know because I can sing the chorus of Malibu properly now. It was giving me a lot of trouble. I'm playing it better on guitar, too. So, that's something to be happy about, ain't it?
I'm still waiting for those two new songs though.
I'll tell you, kook(s): having a long-term goal is like digging a tunnel in prison.
Okay, okay.
Laters!
