During the month of May, investors deposited a net €10 billion into long-term funds. Bond and ‘other’ products garnered the most new money at approximately €14 billion collectively. Meanwhile equity funds, the only asset class to experience redemptions during the month, suffered €10 billion in net outflows.
At the category level, Bond Europe and Bond USD led with about €4 billion each in net new money, while Absolute Return followed with approximately €3 billion. As opposed to Equity Europe and Equity Asia Pacific funds which collectively experienced approximately €10 billion in net redemptions in May.
Nordea’s 1 - Stable Return Bond Portfolio, an Absolute Return Multi-Asset fund domiciled in Luxembourg, was the bestselling product in the month with over €1 billion in net subscriptions.
More details on top-selling funds, new launches, investment categories, regional highlights and management company progress can be found in the report.