UK Equity Funds Off the Menu in February

MONEY FLOW: Morningstar asset flows data reveal fixed income continues to trump equity, while UK equity funds are the most unloved of all categories

Ali Masarwah 26 March, 2013 | 6:28PM
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European investors put a net EUR 35.09 billion into long-term open-end funds in February. This is down from the record-breaking inflows of EUR 47.1 billion seen in January, but nevertheless a solid inflow. By the end of February, EUR 4.44 trillion were invested in European long-term funds, the highest level recorded since Morningstar started publishing industry-level flow data in 2007.  

Bond Funds Continue to Outpace Equity Offerings

As Morningstar asset-flow data on European funds (excluding money market funds, feeders, funds of funds and ETFs) indicate, inflows into bond funds remained strong in February and have outpaced equity fund flows yet again. Fixed-income funds gathered EUR 11.46 billion versus EUR 9.24 billion enjoyed by equity funds. Allocation funds also topped equity funds in February, gathering EUR 9.91 billion.

The lion's share of flows targeting mixed-asset funds was sent into EUR cautious and EUR flexible funds. Alternative, convertible and property funds were also on solidly positive terrain, and of all broad categories only commodity fund flows were in the red on the back of redemptions out of precious metals funds.

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About Author

Ali Masarwah

Ali Masarwah  is the editor of in Germany.

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