What's this?! 'It's obvious, boss. It's the Q1 2021 European fund industry report from the Refinitiv Lipper team.'
Oh, okay.
The European fund industry enjoyed estimated overall net inflows of €118.3 bn for the first quarter 2021.
Equity funds (+€120.8 bn) was the asset type with the highest estimated net inflows overall for Q1 2021.
Entertaining Mr Sloane.
Long-term active products enjoyed higher inflows than their passive peers.
Equity Global (+€52.8 bn) was the best-selling sector for Q1 2021 overall.
BlackRock (+€26.4 bn) was the best-selling fund promoter over the course of Q1 2021.
Equity funds witnessed the highest activity of fund promoters with regard to fund closures and launches.
Okay.
ENDS
'Boss - !!!'
What, idiot?
'What about our Detlef?!'
Ha, ha, ha! Here he is -
Detlef Glow, Head of EMEA Research at Refinitiv Lipper, comments: "Despite the deteriorating situation with regard to The Thing in some parts of Europe, Q1 2021 was a positive quarter for the European fund industry. As the overall flow pattern in Europe has further normalized, investors in Europe continued to be in risk-on mode.
Within this environment the assets under management in the European fund industry rose from €12.3 tr (as of December 31, 2020) to €13.7 tr at the end of Q1 2021. While ETFs held €1.1 tr, or 8.01% of the assets under management in Europe, the vast majority of €12.6 tr, or 91.99%, was held by mutual funds."
'Thanks, Detlef!'
Er, excuse me, Voice.
Thank you, Detlef.
ENDS
...
Anything else?
I've bought an ebook of The Importance of Being Earnest for my phone. Only 79p!
I've got the paperback somewhere ...
A lot of humour dates badly. But this play is still really fresh. It's over 120 years old, and no one has written a funnier play.
But who has come close?
Joe Orton with What The Butler Saw.
No one else though.
There was a big development in Orton's writing between Loot and What The Butler Saw. He might have surpassed Wilde eventually.
They both had their careers cut short.
Why am I writing about plays?
I can't write about music ... all the time, man. And I'm certainly not writing about finance. 'We've got Detlef for that!' Yes, yes.
...
Music?
Christ! Yeah, yeah. I'm still playing Mighty Soul and singing gibberish. A few words and ideas are popping up here and there.
Maybe I'll have a proper go at it this Sunday.
I'm thinking it might be a good thing if the lyric were ... "poetic". But no promises, kook(s).
Mighty Soul, Life and Death, and Nothing could be my BIG THREE within my BIG TEN.
It would be wild writing the three greatest songs ever.
'You could have a nice rest then, Mikey.'
Ha, ha, ha!
There's no rest for the wicked. Or the righteous.
Laters!
