Okay.
CORPORATE
Ooo!
The promoters of mutual funds (-€5.9 bn) faced outflows for the month, while the promoters of ETFs (+€16.0 bn) enjoyed estimated net inflows. Conversely, the promoters of mutual funds (+€16.7 bn) and the promoters of ETFs (+€37.1 bn) enjoyed inflows over the course of first two months of 2024.
Long-term products (+€20.1 bn) enjoyed inflows for the month as well as over the course of 2024 so far (+€35.2 bn).
Bond products (+€31.4 bn) was the best-selling asset type for the month and enjoyed also the highest estimated net inflows (+€61.1 bn) for 2024 so far.
Bond Global USD (+€9.4 bn) was the best-selling Lipper Classification for February, while Equity Global (+€15.4 bn) is tops over the course of 2024 so far.
UBS was the best-selling fund promoter in Europe for February (+€7.4 bn), while HSBC (+€10.1 bn) is the best-selling fund promoter in Europe for 2024 so far.
Okay, okay.
Detlef? Come on, my son!
Detlef Glow, Head of EMEA Research at LSEG Lipper, comments: "Market sentiment was further driven by hopes that central banks - especially the U.S. Federal Reserve - have reached the last phase of their fight against high and further increasing inflation rates given their rather dovish statements during/after the respective central bank meetings. That said the statements from the U.S. Fed in January about a possible start of lowering interest rates might have caught some investors on the wrong foot, as the central bank indicated that it may start the lowering of interest rates later and with less steps in 2024 than some investors expected. It looks like this statement has not impacted the estimated inflows in bond ETFs."
Lovely!
'Nice one, Detlef!'
And there's no need to look at the PDF.
'Ha!'
It's a very easy morning.
ENDS
ENDS
ENDS
