Thursday, 9 May 2024

LSEG Lipper - European fund industry review Q1 2024

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


Update: I'm not writing the very big poem. So, only small poems and big poems.