Tuesday 13 February 2024

LSEG Lipper: European fund industry review - 2023

Okay.

We've done so many of these lately, Voice ... I hope we're not repeating any.

'Ha! So what if we are! Let's get a-ROUND, boss!'

Yeah, yeah.

Anyway ...

The promoters of mutual funds (+€40.5 bn) and the promoters of ETFs (+€154.9 bn) enjoyed inflows over the course of 2023.
The inflows into ETFs for 2023 were the second highest inflows for ETFs in Europe in history.
Long-term products enjoyed overall inflows over the course of 2023 (+€22.7 bn).
Actively managed long-term products (-€173.5 bn) faced massive outflows for the year 2023.
Mixed-assets funds (-€100.3 bn) posted the highest estimated outflows on record for 2023.
Money market products enjoyed the highest estimated net inflows (+€172.6 bn) for 2023.
Money Market EUR was the best-selling Lipper Classification for the year 2023 (+€107.7 bn).
BlackRock was the best-selling fund promoter in Europe for the year 2023 (+€107.8 bn).
The overall number of funds in the Europe increased by 341 products.

Er ... okay.

No comment from Detlef, but ...

'There's a PDF.'

Yes ... there's a PDF.

'Are we going to take a look at it?'

Yeah. Why not? ...

Its fair to say that                           2023 was a            challenging year for portfolio managers               around the globe        since the markets were driven -

No! Stop, Lucky!

by a number              of different            factors and unpredictable             incidents each of these could have              caused a major!              market downturn on their            own first of all    there were a lot of geopolitical                 tensions around the globe                 beside the still ongoing

STOP, LUCKY - !!! FFS.

What?

Voice!

'What?'

We have done this email. I recognize it. But it had a different title before.

'Why the hell has Detlef sent it again?!'

It's that Nsikan, isn't it?

'He's going to get the sack.'

Yeah.

Lucky ...

What?

We can't do it again. Sorry, mate.

All right see ya guys

'Bye, Lucky!'

ENDS
ENDS
ENDS

...

Anything else, kooks?

Yeah. I'm doing my fresh start tomorrow.

'Great!'

Yeah. It will be a nice one, too.

Laters.