Investors send €71.3bn to long-term Europe-domiciled funds in July

Morningstar's European Asset Flows report for July

Pedro Gonçalves
clock • 3 min read
Assets in long-term funds domiciled in Europe rose to €11,688bn at the end of July 2021
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Assets in long-term funds domiciled in Europe rose to €11,688bn at the end of July 2021

Investors sent €71.3bn to long-term Europe-domiciled funds in July boosted by robust demand for fixed-income funds, which attracted €32.6bn as European investors get more cautious.

According to Morningstar's European Asset Flows report for July, most of the money was sent to the safer segments of the fixed-income space, such as EUR ultra-short-term bonds. Flows toward equity funds barely surpassed €20bn, the lowest net inflows this year, "which might indicate that investors are getting more risk-averse," the report added.  Commodities funds saw €730m of net inflows in July. This is entirely because precious-metals funds,mainly exchange-traded commodities on gold, returned to positive territory, with €1.4bn in net inflows. Allocation funds had another positive...

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