Okay, okay. It's Detlef and the gang. 'Yippee!'
Let's have a look at this then ...
Money market funds (+€34.1 bn) were the best-selling asset type overall for the month.
Long-term mutual funds (-€23.1 bn) posted estimated net outflows for March2023.
The overall fund flows for mutual funds and ETFs in Europe in March amounted to estimated net inflows of €11.0 bn.
Target Maturity Bond EUR 2020+ (+€4.9 bn) was the best-selling sector among long-term funds.
Ireland (+€23.6 bn) was the fund domicile with the highest net inflows, followed by Switzerland (+€9.4 bn) and Spain (+€2.8 bn).
BlackRock (+€21.9 bn) was the best-selling fund promoter in Europe for March, ahead of Swisscanto (+€6.9 bn) and Goldman Sachs (+€6.2 bn).
Well, okay.
Detlef?
Detlef Glow, Head of EMEA Research at Refinitiv Lipper, comments: "It was not surprising that March 2023 was in general a positive month for the European fund industry given the rather positive revisions of the economic outlooks for the major economies globally and a possible end of the interest hiking cycle of central banks in the near future. That said, mutual fund promoters (-€2.0 bn) faced outflows, while ETF promoters (+€13.0 bn) enjoyed inflows. The outflows from actively managed funds were driven by outflows from mixed-assets products (-€13.7 bn). Within the current market environment, it is somewhat surprising that European investors sold mixed-assets products since these products were European investors darlings in nearly all market environments in the past. More generally, long-term funds faced estimated net outflows of €23.1 bn while money market products enjoyed inflows of €34.1 bn. These flow numbers might be seen as a sign that European investors are in risk-off mode."
Thanks, Detlef.
'That was a big paragraph, boss.'
Well, yeah. I think it's one of the biggest paragraphs we've ever had from Detlef - if not the biggest.
'He must be exhausted.'
Detlef! Go and have a lie down, son!
'You deserve it!'
Yeah, you deserve it.
ENDS
ENDS
ENDS
'Do it again, so he gets the message.'
ENDS
ENDS
ENDS
And -
ENDS
ENDS
ENDS
'Nice one!'
...
Anyway ...
Anything else? My poem?
I've finished it!
'Yippee!'
Eight of the last twelve lines took the poem to another level, so maybe it is as good as Yeats' three best poems. [???] However, it's not a "visionary" poem like those ones I mentioned last week. It's more like a speech from Shakespeare ... in a modern voice, of course.
Anyway ... my astrologer was right! How did he know, man?
'What are you going do with the poem, Mikey?'
I don't know, Voice. It all depends on my situation ... the way things will be ... soon.
I could enter it in the National Poetry Competition, or send it to Poetry Review with a couple of other new poems, or ... just post it in this blog and then forget about poetry.
I really don't know.
I don't know what will happen.
I must admit though ... the thought that I might be able to write poetry on such a high level now is enticing. In the film 24 Hour Party People, Steve Coogan (Tony Wilson) says that Yeats was the greatest poet since Dante. And that's probably true.
And, er ... that beats being a pop star ... ???
I don't know.
'Do both!'
Yeah. Why not? My astrologer did say that I would be doing two things, and he might not have been thinking about my blog.
'Blogs didn't exist thirty years ago!'
I know.
Anyway ...
Laters.
