Equity funds see first positive flows since February

Equity fund flows surged to €1.91bn in September, the first positive monthly figure since February, Morningstar's latest European fund flows data has shown.

European large-cap funds saw €506m of fresh inflows, their first positive quarter since Q1 2011, while the Europe ex-UK large-cap equity category also saw its largest inflow since 2008 at €320m. According to Morningstar, the recent moves by central banks and policymakers to easy monetary conditions have boosted investor sentiment, and September's data suggest the disconnect between investor behaviour and equity market performance has ended. "European fund investors have seemingly begun to embrace the idea that the euro may not implode after all," said Ali Masarwah from Morningstar's E...