Right! A nice little post at the end of the week for all the finance freaks amongst us. Let's do this!
'Yippee!'
All right. Calm down, Voice.
Anyway ...
Assets under management in the European fund industry decreased from €15.3 tr (as of December 31, 2021) to €13.0 tr at the end of Q3 2022.
The European fund industry faced estimated overall net outflows (-€323.6bn) over the first nine months of 2022.
Mixed-assets products (+€24.8 bn) posted the highest estimated net inflows in the European fund industry for 2022 so far.
ESG-related products which are not classified by SFDR (+€190.3 bn) enjoyed the highest inflows within this category.
The best-selling Lipper global classification for the first nine months of the year was Equity Global (+€33.9 bn), followed by Bond USD Government (+€21.3 bn) and Equity Global Income (+€16.1 bn).
BlackRock (+€14.0 bn) was the best-selling fund promoter in Europe for the year 2022 so far, ahead of HSBC (+€13.9 bn) and Vanguard (+€10.5 bn).
Switzerland was the fund domicile with the highest inflows (+€39.3 bn) year to date.
The number of primary funds registered for sales in Europe increased by 356 products over the course of the year.
Well, that's all right, ain't it? If only we could make some sense out of it.
'We don't have to make sense out of it, boss. We've got Detlef for that.'
What?! Is he here, with us now?!
'Can't you feel him, boss?'
Oh, well. I don't know. I mean -
'Here he is!!! -'
Detlef Glow, Head of EMEA Research at Refinitiv Lipper, comments: "Given the current economic situation around the globe it was no surprise that the European fund industry faced declining assets under management over the course of the year 2022 so far, as the geopolitical situation in Europe, the still ongoing The Thing, disrupted delivery chains, increasing inflation, and interest rate hikes put some pressure on the securities markets.
"Within this environment, the assets under management in the European fund industry decreased from €15.3 tr (as of December 31, 2021) to €13.3 tr at the end of Q3 2022. While ETFs held €1.2 tr, or 9.23% of the assets under management in Europe, the vast majority (€11.8 tr, or 90.77%), were held by mutual funds."
Declining assets under management. Not really all right. Never mind. Thanks, anyway, Detlef!
ENDS
ENDS
ENDS
...
Anything else?
Christ!
Why must there always be something else with you?
No. There's nothing else.
My house is like Hell Week when it rains heavy. Just -
'Boss.'
What?
'Talk about music.'
I talked about music last night.
'Oh yeah.'
Yeah.
Er -
Mighty Soul
Shady, Dodgy, Shifty
The Future
Life and Death
Nothing
This World Don't Mean a Thing
Lovers On The Make
Stella
Malibu
What's This Life We Live?
Just a reminder, like. I don't want anyone forgetting.
Laters!
Oh, I'm taking next week off. So, double laters!
