Europe FlowWatch - March 2016 Results
After two consecutive months of net withdrawals, investors in Europe deposited a net €30 billion in March, with cross-border products attracting more than two-thirds of the inflows, which reduced the Q1 total redemptions to €13 billion.
All major asset classes, excluding equity vehicles, recorded inflows during March. Bond products collected the most new money with approximately €18 billion, followed by 'other' funds which attracted about €12 billion. Equity funds experienced roughly €7 billion in net outflows for the month.
At the category level, Alternative, Absolute Return, and Bond High Yield funds led with about €5 billion each in net new money. As opposed to Equity Europe and Equity Asia Pacific funds which collectively experienced approximately €12 billion in net redemptions in March.
State Street ACS North America Index Equity Fund, a passive product that was launched in March in the U.K. and targets institutional investors, was the bestselling fund in the month garnering over €3 billion.
More details on top-selling funds, new launches, investment categories, regional highlights and management company progress can be found in the report.