November was the worst month for European equity funds in terms of flows since July last year, taking in only €18bn, according to data from Morningstar.
Net inflows to long-term funds overall stood at €51.4bn at the end of November, which was €15bn less than October, according to the firm's analysis of open-end funds and ETFs domiciled in Europe. This was primarily due to a decreasing demand for UK and European large-cap equities. However, flows toward bond funds rose noticeably compared with the previous month, reaching €18.5bn, which was their second best month since July 2020. The firm explained the figures by citing the rise of Omicron leading to "a substantial sell-off in equity funds at the end of the month," while bond funds fl...
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