Bond funds have been the best-selling asset class for both May and 2023 year-to-date, data from LSEG Lipper has found.
In the firm's monthly European Fund Flow Report, it found bond funds had taken in €13.3bn in the previous month and €77.5bn since the year began. Money market funds were the second most popular product in May, with net inflows of €1bn and ‘other' funds seeing €200m in new monies. These were the exceptions to the wider outflows trend experienced within the European fund space during the month. LSEG replaces FTSE Russell CEO European funds experienced "slight outflows" for the month, with overall fund flows for mutual funds and ETFs in Europe amounting to an estimated net outflows of...
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