Okay, okay.
From Detlef and the gang, obviously. 'Yippee!' Calm down, Voice.
(Why does he get so excited?)
Anyway ... I'm not doing the dumbbells this morning. I did them to "failure" on Friday, and my arms are still aching. That's actually a good sign of muscle growth, so I reckon I need another day of rest. I think - 'Boss!'
Oh, sorry, Voice.
He wants me to talk about my music, kook(s). Well - 'The PR email!'
Uh.
Okay ...
Long-term mutual funds (-€9.0 bn) posted net inflows for February 2022.
Money market products (-€49.4 bn) posted net outflows for February 2022.
The overall fund flows for mutual funds and ETFs in Europe in February amounted to estimated net outflows of €58.4 bn.
Mixed-assets funds (+€8.3 bn) were the best-selling asset type overall for February 2022.
Equity Global (+€4.7 bn) was once again the best-selling sector among longterm funds.
Switzerland (+€2.9 bn) was the fund domicile with the highest net inflows, followed by Denmark (+€2.4 bn) and Spain (+€1.6 bn).
ASR Bank (+€2.0 bn) was the best-selling fund promoter in Europe for February, ahead of BlackRock (+€2.0 bn) and Invesco (+€1.9 bn).
The question is though ... Can Detlef make any sense out of it? 'With his big brain? Of course he can, boss!'
Well, let's see ...
Detlef?
In your own time, son ...
Detlef Glow, Head of EMEA Research at Refinitiv Lipper, comments: "It was not surprising that February 2022 was in general a negative month for the European fund industry given the geopolitical situation in Europe, the still ongoing Thing, and the sluggish market environment. That said, the promoters of mutual funds (-€67.6 bn) faced outflows, while the promoters of ETFs (+€9.2 bn) enjoyed inflows. Within this market environment and given the economic uncertainties, one would expect that European investors sold long-term funds and bought money market products. Therefore, it is somewhat surprising that European investors sold money market products, which are normally considered safe-haven investments. As a result, the overall fund flow numbers are heavily impacted by the high outflows from money market products (-€49.4 bn). This means that long-term funds faced 'only' estimated net outflows of €9.0 bn within this market environment.
"Nevertheless, it looks like European investors are taking rising interest rates - caused by the increased inflation rates around the globe - into consideration as they further sold bond products over the course of February."
Nice one! Thanks, Detlef.
'I told you he could do it!'
Yeah, yeah, you told me.
'He's an expert!'
Whatever.
ENDS
...
Anything else? Yes.
When you dream ... and you're with a stranger who's looking really alive, really human ... and you're staring at an "odd" scene together ... shadowy figures moving around the place ... and the stranger asks you: "What do you make of that? Is it real?" ... and you reply: "I don't know ... I could be in bed dreaming all this" ... and you laugh ... and the stranger just looks at you with a blank expression, not saying another word ... and then a moment later ... you wake up in your bed ... and realize that it was a dream ... and you wonder about the stranger, who must have known what was happening ... What should you make of all that? Isn't it odd?
Never mind.
