For immediate release. Please!!!
When did I receive this? Never mind. The other day. Who cares?! Here we are now. 'Entertain us!' Shut up!
[Oh, I added the "please". Ha!]
Anyway ...
Long-term mutual funds (-€7.0 bn) posted net outflows for April 2022.
Money market products (+€0.7 bn) posted net inflows for April 2022.
The overall fund flows for mutual funds and ETFs in Europe in April amounted to estimated net outflows of €6.3 bn.
Mixed-assets funds (+€8.3 bn) were the best-selling asset type overall for April 2022.
Equity Global (+€9.7 bn) was once again the best-selling sector among long-term funds.
France (+€8.4 bn) was the fund domicile with the highest net inflows, followed by Switzerland (+€2.5 bn) and Germany (+€2.5 bn).
State Street Global Advisors (+€4.0 bn) was the best-selling fund promoter in Europe for April, ahead of Vanguard (+€4.0 bn) and Ostrum Asset Management (+€2.7 bn).
Okay. And does Detlef have anything to say? 'Of course he does!' Voice, we don't that. Maybe he's on holiday. Maybe he's in the park, eating an ice cream. Maybe he's had enough of all this finance crap. You dig?
Detlef Glow, Head of EMEA Research at Refinitiv Lipper, comments: "It was not surprising that April 2022 was in general a negative month for the European fund industry given the geopolitical situation in Europe, the still ongoing The Thing, disrupted delivery chains, and the sluggish market environment. That said, the promoters of mutual funds (-€20.5 bn) faced outflows, while the promoters of ETFs (+€14.2 bn) enjoyed inflows. Within this market environment and given the economic uncertainties, one would expect that European investors sold long-term funds and bought money market products."
Oh, he's still working. Detlef is still committed to the lifestyle. He'll never give in! 'He's my hero!' Shut up, Voice!
Anyway, thanks, Detlef. Hope to hear from you again soon.
ENDS
ENDS
ENDS
...
Anything else? Music?
Yeah, yeah ... my BIG TEN of songs will be completed soon. However, that won't be the ENDS of it. The list will not be set in stone. A lot of people die inside once they've achieved their goals, but that won't happen to me BECAUSE ... my quest is never-ending.
Eventually, I'll write another eight songs as good as Mighty Soul and Shady, Dodgy, Shifty. 'Er ... what happens if you write a song that is on a much higher level than those two, Mikey?' Then ... that will be the new level, Voice, and the whole comedy will begin again from scratch. 'You're insane!'
I know.
And I have no complaints.
Bye.
