BofA: European asset managers attract $54bn inflows so far in 2023

Reversal from 2022 outflows

Valeria Martinez
clock • 2 min read

European asset managers have garnered inflows of $54bn so far in 2023, marking a reversal from 2022, which saw the worst year for outflows since the Global Financial Crisis.

According to a report by the Bank of America Global Research, risk appetite has risen as markets rally on the back of more robust economic growth, lower inflation figures and slower rate rises.  However, weekly flow momentum has faded as equities reach year-to-date highs, the report found. BofA's European equity strategists saw downside risks and forecasted that the economy is about to experience a meaningful headwind from monetary tightening. Coinciding with a slowdown in rate hikes by the central banks, fixed income has seen the largest inflows this year at $32bn. All bond categorie...

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 Europe

FundCalibre's Schooling Latter: The shifting sentiment in Europe

FundCalibre's Schooling Latter: The shifting sentiment in Europe

Portfolio picks

Juliet Schooling Latter
clock 27 March 2024 • 4 min read
Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Timing of ECB rate cuts in doubt as core eurozone inflation measure disappoints

Services price inflation remains sticky

Valeria Martinez
clock 01 February 2024 • 1 min read
Eurozone inflation rises to 2.9%

Eurozone inflation rises to 2.9%

Driven by energy prices

Elliot Gulliver-Needham
clock 05 January 2024 • 1 min read
Trustpilot