Morningstar report: European equity flows reach lowest level since July 2020

Flows into bonds rose notably

Elliot Gulliver-Needham
clock • 2 min read
European equity flows reach worst level since July 2020

European equity flows reach worst level since July 2020

November was the worst month for European equity funds in terms of flows since July last year, taking in only €18bn, according to data from Morningstar.

Net inflows to long-term funds overall stood at €51.4bn at the end of November, which was €15bn less than October, according to the firm's analysis of open-end funds and ETFs domiciled in Europe. This was primarily due to a decreasing demand for UK and European large-cap equities. However, flows toward bond funds rose noticeably compared with the previous month, reaching €18.5bn, which was their second best month since July 2020. The firm explained the figures by citing the rise of Omicron leading to "a substantial sell-off in equity funds at the end of the month," while bond funds fl...

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