Well, that sounds all right, don't it?
Let's find out what it's all about ...
The assets under management rose to €15.3 tr over the course of 2021.
Long-term mutual funds (+€718.9 bn) posted net inflows for 2021 overall.
Money market products (+€5.2 bn) posted net inflows for the year 2021.
The overall fund flows for mutual funds and ETFs in Europe over the course of the year 2021 amounted to a new record for estimated net inflows (€724.1 bn).
ETFs enjoyed record inflows of €160.9 bn over the course of 2021
Equity Global (€1,953.7 bn) was by far the largest Lipper Global Classification by assets under management at the end of 2021.
Equity Global (+€179.5 bn) was the best-selling sector among long-term funds.
BlackRock (€1,390.5 bn) is the largest fund promoter in Europe, far ahead of JPMorgan (€472.5 bn) and Amundi (€470.3 bn).
BlackRock (+€107.7 bn) was the best-selling fund promoter in Europe for the year, ahead of JPMorgan (+€33.9 bn) and Vanguard (+€31.8 bn).
Luxembourg (€4,992.3 bn) was the leading fund domicile by assets under management.
Luxembourg (+€329.1 bn) was the fund domicile with the highest net inflows, followed by Ireland (+€204.3 bn) and the UK (+€40.5 bn).
There is no evidence that European investors are chasing performance by buying funds from the best performing Lipper Classifications.
The overall number of primary funds in Europe increased by 209 products over the course of 2021.
Oh.
'What does Detlef make of it all, boss?'
Let's ask him ...
Come on, Detlef! Tell us!
Detlef Glow, Head of EMEA Research at Refinitiv Lipper, comments: "European investors in general were further in a risk-on mode over the course of the year 2021 as equity funds were the best-selling asset type for the year. In fact, the European fund industry enjoyed record inflows (€724.1 bn) over the course of the year 2021 despite the unclear economic situation caused by the ongoing The Thing, disruptions in the delivery chains of some industry sectors, and steadily rising inflation.
"That said, it is remarkable that the year 2021 was the second year in a row during a global crisis in which the European fund industry enjoyed record inflows. With regard to this, these strong inflows are somewhat surprising since companies and investors had to weather the uncertainty and impacts caused by The Thing. Under normal circumstances, this would have led to more cautious behaviour from investors. Therefore, it can be assumed that the massive financial and fiscal actions taken by governments and central banks around the globe have boosted the confidence of investors to stay in a risk-on mode."
Thanks, Detlef.
But no one cares about The Thing any more. The news has moved on.
'He's talking about 2021, boss.'
Yes, Voice, I know. I'm just saying, that's all.
ENDS
...
Anything else?
Inflation is crazy, man. The world is becoming more of a shitshow by the day. We are so mismanaged by everyone in power. They're either corrupt or stupid or both.
Electricity prices? Are they having a laugh?
I don't want to think about it.
Even that Tesco lunch meal deal has gone up by fifty pence. Remember I was praising Tesco the other week? Ha!
I've had enough.
I've not even sure about Malibu any more. People are saying you shouldn't live in California.
'That castle, Mikey.'
Yeah, I'll probably get the castle in Spain, BUT(!) ... how much will that cost to heat in winter? Do you know what I mean?
Never mind.
Laters.
