European money market funds experience worst September flows on record

Sales down 83%

James Baxter-Derrington
clock • 1 min read
Multi-asset funds were the only UCITS asset class to increase over September 2021
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Multi-asset funds were the only UCITS asset class to increase over September 2021

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...

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