Okay, okay. What's this? 'Ha!'
Oh, it's the quarterly European fund industry report from the Lipper team at Refinitiv!
'Yippee!'
Calm down, Voice.
'I just get so excited, boss.'
I know, I know.
Anyway ...
The European fund industry has enjoyed estimated net inflows in 2020 year to date.
The overall fund flows for mutual funds and ETFs in Europe amounted to estimated net inflows of €297.1 bn for the first nine months of 2020.
Money market funds (+€211.3 bn) were the best-selling individual asset type overall for 2020 year to date.
Equity Global (+€62.8 bn) was the best-selling sector among long-term funds for the first nine months of 2020.
Careless Whisper.
BlackRock, with net sales of €68.3 bn, was the best-selling fund promoter overall for the first nine month of 2020, ahead of JPMorgan (+€56.9 bn) and Goldman Sachs (+€23.3 bn).
The European fund market increased by 3 funds over the course of the first nine month of 2020.
Okay, okay. And, uh ... our Detlef has got nothing to say about it. Nothing at all. Which is a real shame. 'What?!' I can't explain it, man. I think - 'Let me look at that email.' Okay. 'Liar! You rotten liar - !!!'
Ha, ha, ha! I had you going, Voice.
Come on, Detlef!
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. This trend reversed over the course of the second quarter as central banks and governments around the globe started quantitative easing programs and economic relief packages to cushion the economic drawdowns caused by the spread of The Thing and the lockdowns of economies around the globe.
"The measures taken led to a rebound of the equity markets accompanied by falling interest rates. The return to somewhat normal market circumstances led investors to buy back into mutual funds and ETFs. As a result, the European fund industry enjoyed inflows over the course of the second and third quarters, with overall flows adding up to €297.1 bn for 2020 so far. Taking all of this into account, 2020 was - despite the inflows - a tough period for the European fund industry."
Thanks, mate.
ENDS
...
Anything else? Music? Yeah, why not?! There's no harm in it, kook(s). You only live once.
Anyway ...
I've told you that all twelve songs on my "album" are potential singles. Well, now I've ranked them according to how likely they are to become big hits ...
Stella
This World Don't Mean a Thing
And Rain Came Down
Good Times
Love Me
Malibu
Nothing
What's This Life We Live?
I'm Right Inside
Lucky You
Round The Bend
I Want Everything
So ...
Oh, I still have those three tunes without lyrics, but I've got no enthusiasm for finishing them at the moment. [Two of the three will slot in just behind And Rain Came Down - with the right words, like.]
My next goal is to write two more songs like Stella. You know, songs that I can keep behind glass in case of emergency. Do you know?
It will be difficult ...
SICK DESPERATION helps, of course.
I've been thinking of that George Michael song, Outside. It was a "revenge" song, and Michael obviously knew that it wouldn't work unless it was one of the best songs of his career. So, uh ... he wrote one of the best songs of his career, you dig? Most writers don't push themselves like that.
Do you dig?
Laters!
