Refinitiv Lipper: European AUM drops €800bn in first quarter

Sparked by geopolitics

A Refinitiv Lipper report has shown that assets under management in the European fund industry declined over the course of Q1 2022, from €15.3trn at the end of December 2021 to €14.5trn at the end of March 2022, with the continent hit hard by inflationary pressures and the war in Ukraine.

The report also found that 37% of the overall assets under management were held by ESG-related funds, and the majority of ESG-related assets were held by mutual funds and ETFs which are aligned to SFDR Article 8 (€3.8trn), defined as funds which promote ESG characteristics. The Refinitiv Lipper report also noted that given the economic uncertainties, one may expect that European investors sold long-term funds and bought money market products. Therefore, it was considered somewhat surprising that European investors sold money market products, which are normally considered safe-haven inves...