Bond funds see most new money - Europe FlowWatch July 2016 Results

During the month of July, investors deposited a net €35 billion into long-term funds. Bond products garnered the most new money at €29 billion, while “other” and mixed funds contributed over €16 billion collectively. Meanwhile equity vehicles experienced continuous withdrawals, totalling €8 billion in net outflows during the month.

At the category level, Bond Emerging Markets led with roughly €9 billion in net new money, followed by Bond Global and Bond Europe with over €6 billion each. On the other hand, Equity Europe suffered nearly €17 billion in net redemptions, and Guaranteed/Protected also saw €2 billion in net withdrawals during July.

Nordea 1 Stable Return Fund, an Absolute Return Multi-Asset product domiciled in Luxembourg and largely sold across European countries, was the bestselling fund in the month with over €2 billion in net flows.