Click here to download the latest FundFlash Monthly Snapshot of European Trends from Broadridge Financial Solutions, a two minute read of European mutual funds sales trends.
Key highlights in Dec 2019 include :
- For a year that was otherwise weighed down by negative sentiment, 2019 ended with a spectacular flourish, long-term funds posting net inflows of €56bn in December.
- Risk appetite is on the risen thus draining the appeal of Money Market funds, which see withdrawals of €11bn.
- Passive funds retain the high ground, but in this final month of the year their net inflows account for just 53% of the longterm total.
- Bonds may have been the dominant asset class in 2019, but the category gave way to equities in November and this trend follows through in December.
- Global equity funds win the largest volume of new money (€7bn), and active funds are the dominant driver.
- BlackRock is the month’s top-selling group, and also reigns supreme for the year. Of the active fund groups, PIMCO is the 2019 winner with net inflows of €40bn.
- An institutional US equity tracker fund from Pictet scores the largest inflows of the final month of the year at €2.2bn, beating even the Swedish AP default pension funds.
