Bonds Dominate EU Fund Flows in April

Morningstar research shows that fixed-income funds pulled in €27.2 billion in April, but equity funds continued to suffer withdrawals from investors

Valerio Baselli 28 May, 2019 | 9:13AM Ali Masarwah
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Bond funds were firmly in favour with European investors in April, the latest Morningstar data shows, with fixed-income funds attracting €27.2 billion. It is the third-best month for fixed-income funds since July 2017. Actively managed funds, meanwhile, continued to suffer at the hands of their passive rivals, including index funds and ETFs. But when it comes to bonds, investors still prefer an active fund. 

Equity funds remained in the doldrums in April, despite a decent performance for stocks in the month. Outflows from equity funds hit a hefty €11.2 billion, but this is still considerably less than the €18.1 billion of net redemptions suffered by the sector in March. Mixed asset funds returned to favour after a long stretch of net redemptions: April netted €2.2 billion, the first positive month for the category since September 2018.

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Valerio Baselli

Valerio Baselli  is an Editor at Morningstar Italy.

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