Okay. What's this?
'It's obvious, boss.'
Yes, it's obvious, Voice.
Long-term mutual funds (+€52.9 bn) posted estimated net inflows for January 2023.
Money market funds (-€16.3 bn) faced estimated outflows over the course of January 2023.
The overall fund flows for mutual funds and ETFs in Europe in January amounted to estimated net inflows of €36.6 bn.
Equity Global (+€9.7 bn) was the best-selling sector among long-term funds.
Luxembourg (+€17.3 bn) was the fund domicile with the highest net inflows, followed by France (+€8.2 bn) and Switzerland (+€6.5 bn).
JPMorgan (+€9.1 bn) was the best-selling fund promoter in Europe for January, ahead of BNP Paribas (+€6.3 bn) and Amundi (+€4.0 bn).
Uh.
'What does Detlef say?'
He says ...
Detlef Glow, Head of EMEA Research at Refinitiv Lipper, comments: "The European fund industry enjoyed inflows over the course of January 2023 as the markets were further recovering. The generally positive market trend was driven by expectations of a possible end of the monetary policy tightening cycle by central banks around the globe and better than expected economic growth in the major economies, which would fuel company earnings."
ENDS
ENDS
ENDS
And that's all he says.
'He doesn't have more to say???'
He doesn't have more to say.
ENDS
ENDS
ENDS
'Can't we ask Detlef to say a bit more? It was only one paragraph.'
He said everything he wanted to say.
'How do you know?'
Listen, Voice! Detlef doesn't talk much. He says a few words a couple of times a month, and that's it. He's not Lucky, you know.
'Why isn't he lucky?'
Shut up.
ENDS
ENDS
ENDS
ENDS
ENDS
ENDS
ENDS
ENDS
ENDS
'Just ask him for one more paragraph.'
You ask him!
'Detlef, can you give us one more paragraph? Please!'
Ha!
'Detlef!'
He's gone, idiot.
ENDS
ENDS
ENDS
