Record Inflows into Long-Term Funds

ASSET FLOWS: European investors kicked off the new year with record inflows into long-term funds

Ali Masarwah 28 February, 2013 | 3:00PM
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Buoyant equity markets, a continued decline in volatility, and a complacent bond market seem to have heartened European fund investors at the start of the year. Long-term funds posted record inflows of €45.7 billion in January, the highest level seen for European funds on record. (Morningstar asset flow data at the industry level begins in 2007.)

Investors seem to perceive that the eurozone crisis is petering out

The three large broad fund asset classes—equities, bonds, and allocation—all enjoyed sizable inflows, but investors also sent substantial sums into alternative and convertible bond funds, with the latter seeing the highest level of inflows since July 2009. All asset classes and very nearly all of the top 10 open-end fund providers--except BNP Paribas--experienced positive inflows in January.

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About Author

Ali Masarwah

Ali Masarwah  is the editor of Morningstar.de in Germany.

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