European money market funds experience worst September flows on record

Sales down 83%

James Baxter-Derrington
clock • 1 min read

European money market funds recorded their worst September outflows ever, with €57bn leaving the space in a single month, according to data from the European Fund and Asset Management Association.

Net sales of UCITS and AIFs was just €9bn, down 83% from August's figure of €53bn, with AIFs the only positive contributor over the month. UK fixed income funds suffer worst outflows since March 2020 UCITS funds recorded net outflows of €3bn in September 2021, compared to net inflows of €72bn the previous month, with the €57bn of flows haemorrhaging from money market funds enough to negate the positive flows of equity, bond and multi-asset flows across the region. Flows were down across the UCITS board, with equity funds recording net sales of €19bn compared to €22bn the previous m...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Nick Train UK equity funds downgraded by Morningstar due to 'narrow focus'

Nick Train UK equity funds downgraded by Morningstar due to 'narrow focus'

Silver to bronze

clock 22 February 2024 • 3 min read
ETFs gain ground on passive mutual funds as total inflows top £2bn

ETFs gain ground on passive mutual funds as total inflows top £2bn

LSEG Lipper UK Fund Flows report

clock 21 February 2024 • 1 min read
Redwheel enters venture capital market with UK climate tech fund

Redwheel enters venture capital market with UK climate tech fund

Partnership with Turquoise

Valeria Martinez
clock 21 February 2024 • 1 min read
Trustpilot