Short-term and long-term European funds enjoyed positive net flows in Q2 2012, despite the economic market continuing to experience high levels of volatility, Morningstar Direct’s Europe Asset Flows Update has revealed.
New figures, compiled from 1,100 fund companies across 29 domiciles, show that inflows into money market funds have reached €14bn, while €4.3bn was sent into long-term mutual funds in April.
Fixed income proved to be the most popular asset class with bond funds attracting almost €6bn in net inflows during the month of April. The most popular Morningstar fixed income categories in April were the USD high yield, GBP corporate bond, global bond and global emerging markets bond.
Equity funds on the other hand experienced outflows of €1bn and alternatives, commodities and convertibles also witnessed outflows.
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