Net inflows into funds worldwide doubled during the second quarter of this year to €84bn from €46bn during the first quarter, increasing total assets under management by 5.4% to €14.4trn by the end of June, according to the EFAMA.
The European Fund and Asset Management Association's figures show net inflows into long-term funds (i.e. all funds excluding Money Market funds) were €240bn in the second quarter compared to a cumulative outflow of €425bn over the previous three quarters. Equity, bond and balanced managed funds enjoyed the majority of the inflows taking €68bn, €121bn and €26bn respectively. Money Market funds however, saw outflows of €156bn after experiencing cumulative net inflows of €405bn over the previous three quarters. In total the EFAMA says, including non-Ucits funds, the market share of Eu...
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