26/07/2012

By Adam Cadle

Net redemptions from long-term European funds reached €1.2bn in June as a result of the ongoing eurozone crisis and market turbulence, latest figures from Morningstar Direct have shown.

Data linked to Morningstar’s Direct Asset Flow tables also show that equities continue to remain out of favour as an asset class. European investors withdrew more than €21bn from the broad asset class in the second quarter, with roughly €7.5bn of those redemptions coming in June.

Morningstar’s alternatives broad asset class saw more than €3bn of investor withdrawals in the second quarter, with roughly €1bn of outflows coming in June.

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