European Monthly Insight - July 2022 Highlights
/Although flows remained negative the European asset management industry expanded by €686.5 billion, or 5.9% as of July 2022, to €12.3 trillion in assets. The expansion was driven by strong equity market performance.
Bond mandates broke the six-month trend of negative flows with flows registering at €0.6 billion. Equity mandates recorded their fifth consecutive month of net outflows of €14.3 billion, while mixed asset recorded their third consecutive month of outflows.
Considering product structures, Active funds’ net sales were -€24.2 billion, the sixth consecutive month of outflows, while passive fund net sales turned positive again at €1.3 billion. ETF net creations were -€3.3 billion, down €2.3 billion from the previous month.
The European Monthly Insight highlights the latest product and distribution trends in the European fund industry. This report combines ISS MI Simfund data with expert commentary from our global team to provide an essential summary of the European funds market.
