Inflows in to bond funds in 2017 resulted in the European asset management industry posting a record high inflow figure of €664bn by the end of November, dwarfing the previous high of €414bn recorded in 2014, according to Morningstar.
Data from Morningstar Direct to month-end November 2017 showed fixed income funds dominated investor flows across the year with inflows of €270bn while equity funds only posted €98bn. However, this was still the best year for open-end equity funds since 2013. Allocation funds raised €120bn in total for the year. BlackRock is set to post the highest inflows of all European asset managers as net new assets surpassed the €60bn threshold in November on the back of demand for its actively managed open-ended fixed income, alternative and equity funds. ETF Securities reports highest inflows ...
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