European investors perform volte-face on money market funds

€116bn invested in European funds

clock • 1 min read

European investors were in an increasingly risk-on mode in October as money market funds took over half of the total net inflows for the month, according to the latest data from Refintiv.

Money market funds were the best-selling asset type overall for October, attracting €67bn of the overall inflows for mutual funds and ETFs, marking an about turn on the sentiment seen in September. Overall fund flows for mutual funds and ETFs in Europe amounted to an estimated net €116bn of inflows, the data show. European investors also favoured equity funds in October, sinking €24.4bn into the asset class. European money market funds experience worst September flows on record Detlef Glow, head of EMEA research at Refinitiv Lipper, said: "Inflows into money market products boos...

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