Oh, he don't like the capitals no more.
'Strange guy!'
Yeah.
Anyway ...
Dear journalists (and Mikey, and Voice). I'm sharing below the European Fund Industry Review for Q1 2024 (full report is attached). Please contact me directly or newsroom if you have any questions or would like to arrange an interview.
Okay. I'll ask you a question now: What have you done with Nsikan?
Come on!
'No reply, boss.'
Thanks in advance for your support!
Gex
Support?! Whatever.
'Where's Nsikan?!'
He's gone, Voice.
'Gone?!'
Anyway ...
European Fund Industry Review Q1 2024
Key findings:
The promoters of mutual funds (+€2.5 bn) and the promoters of ETFs (+€13.5 bn) enjoyed estimated net inflows for the month. The same pattern is shown for the year so far since the promoters of mutual funds (+€18.4 bn) and the promoters of ETFs (+€48.1 bn) enjoyed inflows over the course of the first three months of 2024.
Long-term products (+€8.6 bn) enjoyed inflows for the month as well as over the course of 2024 so far (+€43.0 bn).
Bond products (+€27.9 bn) was the best-selling asset type for the month and enjoyed also the highest estimated net inflows (+€89.3 bn) for 2024 so far.
Money Market EUR (+€25.5 bn) was the best-selling Lipper Classification for March, as well as over the course of 2024 so far (+€27.8 bn).
Amundi was the best-selling fund promoter in Europe for March (+€5.6 bn), while HSBC (+€14.5 bn) is the best-selling fund promoter in Europe for 2024 so far.
ENDS
Thanks, Gexler!
But it's not the ENDS, not yet.
Bests,
Gexler Diaz
Okay, and into the PDF ...
Detlef and Lucky!!! -
'Yippee!'
Given the product! ranges of the 10! top promoters and the overall! fund flow trends it was not! surprising to see that! ETFs didnt play a more important role for the positions of the leading fund promoters in Europe over the course of March graph 11 ten best selling fund promoters in Europe March 2024 Euro millions source!
Great stuff, guys!
'More!'
Fund flows active vs passive products the trend! toward passive investment vehicles is widely! discussed by market observers and asset managers so it is worthwhile! to highlight this topic especially as not all passive products are ETFs in fact the flows! into ETFs €48 1 bn were outpacing the flows! into passive index mutual I would not totally agree with this assumption In addition one needs to bear in mind that the flows in money market products are impacted by a combination of asset allocation decisions of portfolio managers and corporate actions such as cash! dividends or cash! payments since money market funds are also used by corporations! as replacements for cash accounts given the inverted!
More?
See ya guys
Bye, Lucky.
'Christ! All these guys! Who is who, boss?'
We are we, Voice.
'Who?!'
Just us together.
'Nice one!'
ENDS
...
Anyway, that's it, kooks. Maybe I'll see you in a blue moon.
Laters.
'Bye!'
ENDS
ENDS
ENDS
