Bond funds leading again - Europe Flow Watch - March 2017 Results

During March long-term funds in local Europe and the cross-border space gained €61.2 billion in net flows. Bond products were the top selling asset class for the third consecutive month with €32 billion in net subscriptions, followed by mixed funds with €16.4 billion. Other funds (including real estate) collectively gained €7.8 billion, while guaranteed funds suffered €60 million in net redemptions for the month.

At the category level, Bond Global led for the third consecutive month with €13.7 billion in net new flows, followed by Bond Emerging Markets with €7.6 billion in net new cash. On the other end of the spectrum, Equity Asia Pacific and Equity Europe conceded €2.3 billion and €1.6 billion in net redemptions, respectively.

PIMCO GIS Income, an Ireland -domiciled Bond Flexible Multisector product, was the bestselling product this month gathering €4.2 billion in net subscriptions. The fund returned 2.34% in Q1 and experienced 34% growth in total asset during the same time period.