Mutual Funds Global Update - June 2015


A net €1.6 billion was deposited by investors into long-term funds in June, with €6 billion of net flows into cross-border funds more than offsetting outflows (€4.4 billion) from local Europe.

Mixed and 'other' funds were the only products that garnered positive inflows at €12 billion and €9 billion, respectively. Bond vehicles experienced €16 billion in net redemptions, while equity and guaranteed products saw about €2 billion in net outflows each.

At the category level, alternative funds led with about €6 billion, followed by mixed balanced and mixed flexible vehicles that collected around €5 billion each.

Blackrock's BGF Fixed Income Global Opportunities, a unconstrained Bond Flexible Multisector fund, was the best-selling product in the month attracting €900 million. The €8 billion heavy fund invests at least 70% of its total assets in traditional and non-traditional bond strategies globally, with an average duration of 1.61 years.


In June 2015, long-term funds in Asia attracted US$82 billion in net flows, of which US$59 billion came from China and US$11 billion from Japan. Mixed products led with US$45 billion in net new money, followed by equity funds at US$31 billion, while bond, real estate, guaranteed, and other alternative products collectively raised US$6 billion this month.

Mixed Flexible was the top selling category, gathering about US$39 billion mostly from China. Equity Asia Pacific and Equity Sector/Other took in US$17 billion and US$12 billion, respectively. In contrast, Bond High Yield experienced close to US$1 billion in net redemptions in June.

At a product level, two Chinese new launches were the bestselling funds in Asia – China Universal Health Care Service Flexible Fund and ICBCCS Internet Plus Fund attracted US$4.3 billion and US$3.2 billion, respectively, for the month.