Europe suffers outflows across all asset classes in July

Passive fixed income maintained inflows

clock • 2 min read

Europe domiciled funds suffered net outflows across all major asset classes last month, according to a Morningstar fund flows report, with equities and commodities hit hardest, incurring withdrawals of €11.6bn and €6.7bn respectively.

Equity investors withdrew funds to the tune of €11.6bn in July, the fifth consecutive negative month for the asset class as war in Ukraine and market turmoil continued to weigh on investor sentiment.  Europe domiciled funds shed €25.1bn over the month in total.  According to Morningstar, withdrawals reflected ongoing concerns over high inflation, spiking energy prices, rising interest rates, supply bottlenecks and the threat of recession. It follows European-domiciled funds registering their worst month on record for flows since March 2020, in June.  Global large cap growth was ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Europe

Eurozone inflation dips below ECB target for the first time in over three years

Eurozone inflation dips below ECB target for the first time in over three years

Down to 1.8% in September

Valeria Martinez
clock 01 October 2024 • 1 min read
Investors raise alarm over impact of rising populism on European stocks

Investors raise alarm over impact of rising populism on European stocks

Political gridlock expected

Sorin-Andrei Dojan
clock 26 September 2024 • 4 min read
Partner Insight: Has the European credit cycle been extended?

Partner Insight: Has the European credit cycle been extended?

Derek Hynes, Fixed Income Portfolio Manager and Will Prentis, Fixed Income Investment Specialist at Wellington Management
clock 21 June 2024 • 4 min read
Trustpilot