Oh, wait a minute!
'What?'
I've got to rearrange this PR email, Voice. They've put Detlef with his comments first for some reason.
'Ha, ha, ha! Is that Nsikan again, boss? He really is going to get the sack.'
No, no, it's, uh ... Hayley.
'Hayley?!'
Yeah.
Never mind.
Anyway ...
Key findings:
The promoters of mutual funds (+€22.5 bn) and ETFs (+€21.0 bn) enjoyed estimated net inflows for the month.
Long-term products (+€15.3 bn) enjoyed inflows for the month.
Bond products (+€29.7 bn) was the best-selling asset type for January 2024.
Money Market USD (+€11.2 bn) was the best-selling Lipper Classification for January 2024.
BlackRock was the best-selling fund promoter in Europe for January (+€7.3bn)
Okay. That's the key findings.
This is Detlef -
Detlef Glow, Head of Lipper EMEA Research at LSEG comments: "This month was somewhat business as usual. However, it is still surprising that European investors prefer bond funds over money market products, given the inverted yield curves in the major economies around the globe.
"In addition, it is noteworthy that one of the major trends from 2023 (active managed U.S. equity funds faced outflows, while ETFs enjoyed inflows) continued in January 2024."
Thanks, Detlef.
'Don't be too hard on Hayley, Detlef.'
Yeah, it was only a mistake.
Best,
Hayley
All right, Hayley.
ENDS
ENDS
ENDS
'Boss.'
What?
'What about the report?'
You mean the PDF?
'Yeah.'
You mean you want to see what a mess Lucky has made of it, or is making off it as we speak - I mean, he's in that PDF attachment now, isn't he?
'Doing God knows what.'
Yes, doing God knows what. And you want to witness it?
'Just a quick peek.'
Uh.
Come on, Lucky.
he European fund industry enjoyed healthy inflows over the course of January 2024 these inflows occurred in a further unstable market environment since the geopolitical tensions in middle east especially the red sea increased over the course of the month and impacts from prolonged -
No, we've had all this already in other reports.
'It's repetition, boss!'
But not as we know it, Voice.
Oh, repetition. Lucky doesn't know how to get a-ROUND. He can't spin. He hasn't got the brains for it.
'It takes real brains!'
Of course it does.
ENDS
ENDS
ENDS
guys -
No, Lucky! Enough! Go away!
Has he gone, Voice?
'Yeah, he's gone.'
Good.
ENDS
ENDS
ENDS
Laters, kooks!
'Bye!'
fund flows by lipper global classifications January 2024 given the unstable economic outlooks and the inverted! yield curves it was not! surprising that money! Markey USD +€11 2 bn dominated the table! of the 10 best selling peer! groups by estimated net flows for January it was! followed by money! market EUR +€10 6 bn bond global USD +€6 2 bn equity global +€6 0 bn and bond! Eur corporates! +€4 3 bn graph 4 ten best and worst! selling lipper
