Thursday 25 November 2021

Refinitiv Lipper: European fund flow report - October 2021

Okay, okay.

I've got to edit it to look like the old PR emails. Never mind.

Anyway ...

Long-term mutual funds (+€49.2 bn) posted net inflows for October 2021.
Money market products (+€66.9 bn) posted net inflows for October 2021.
The overall fund flows for mutual funds and ETFs in Europe in October amounted to estimated net inflows of €116.0 bn.
Money market funds (+€67.0 bn) were the best-selling asset type overall for October 2021.
Equity Global (+€12.9 bn) was once again the best-selling sector among longterm funds.
Ireland (+€34.8 bn) was the fund domicile with the highest net inflows, followed by France (+€32.4 bn) and Luxembourg (+€28.0 bn).
BlackRock (+€18.3 bn) was the best-selling fund promoter in Europe for October, ahead of Amundi (+€12.5 bn), and JPMorgan (+€9.7 bn).

Detlef? Is there anything you want to say? 'Ha! Detlef always wants to say something, boss. Just you try shutting him up.'

Come on then ...

Detlef Glow, Head of EMEA Research at Refinitiv Lipper, comments: "Inflows into money market products boosted the fund flows for October 2021, while European investors were in general further in a risk-on mode over the course of the month. Given the general market environment it was no surprise that October 2021 was a positive month for the European fund industry since mutual fund (+€105.5 bn) and ETF (+€10.6 bn) promoters enjoyed inflows. The overall flow pattern in Europe showed that investors continued to be in risk-on mode in October even as the general flow pattern was driven by inflows into money market products."

All right. Thank you, Detlef.

ENDS

...

Anything else? Music?

Here's my BIG TEN ... er, minus one -

Mighty Soul
Life and Death
Love Is Such a Dream
And Rain Came Down
Nothing
This World Don't Mean a Thing
Malibu
Stella
What's This Life We Live?

I'm leaving The Future and Good Times out of it because I'm confident I'll be able to write another really "great" song soon.

Love Is Such a Dream is the shortest and simplest song on that list, BUT(!) ... it sounds like a total classic. It deserves to be in third place. I doubt I'll play it to anyone though until I've signed a publishing deal. Man, it's better than Here, There and Everywhere. It's more like Sam Cooke's version of Summertime, and it will be covered hundreds of times by other artists. Oh yes, you read it here first. Mark my words. Watch this space. Etc, etc.

Listen! The real test of a BIG TEN - in my mind, like, yes - is ... how "great" are the bottom three or four songs? Well, I'm happy to report: I'm in Beatles territory, beyond Oasis and U2.

And here's the Beatles list again -

A Day In The Life
Let It Be
Hey Jude
Yesterday
Strawberry Fields Forever
I Am The Walrus
The Long and Winding Road
Eleanor Rigby
Something
Penny Lane

You dig?

Bye!