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Morningstar today published its European Fund Flows data and commentary for April 2022.   

Morningstar today published its European Fund Flows data and commentary for April 2022.   

Key takeaways include: 

  • Assets in long-term funds domiciled in Europe declined to EUR 11,469 billion at the end of April 2022, down from EUR 11,755 billion as of 31 March.
  • Long-term funds experienced EUR 8.2 billion of net inflows, while money markets’ products attracted EUR 12.4 billion of net new money.
  • With EUR 2.7 billion of net outflows, fixed-income funds suffered the most, followed by convertibles. Equity funds returned into positive territory with EUR 1.3 billion of new net subscriptions.
  • Allocation funds managed to stay in positive territory, with EUR 6.6 billion of net inflows.
  • Long-term funds classified as Article 8 shed EUR 6.8 billion, while Article 9 products attracted EUR 3.3 billion in April.
  • Global large-cap blend equity funds saw the highest net inflows at the Morningstar Category level, gaining EUR 7.6 billion in April. Among the laggards, RMB bond funds experienced the largest net redemptions.
  • IShares topped the list of the asset-gatherers by branding name, followed by Lantern Structured AM and Vanguard.
  • On the other hand, UBSEurizon, and KLP suffered the biggest redemptions.
  • UBS SF MSCI ACWI ETF was the top seller of the month (monetary products excluded), while Focus Sicav US Treasury Bond USD Fund experienced the largest net outflows.

Valerio Baselli, Investment Specialist, said: “Investors poured EUR 1.3 billion in equity funds last month, a modest result if compared with the average of the last two years, but one that allowed the global category group to return to positive territory after redemptions in March. Global large-cap blend and equity-income funds were the main beneficiaries, as well as the infrastructure and clean energy sectors. Alternative funds managed to attract EUR 1.4 billion: In an environment where both equity and bonds are suffering, investors have returned to look at these hedge funds’ mimic strategies with more interest.”

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