The data showed that the headline fall in assets under management across Europe was mainly down to investors continuing to pull out of money market funds, which lost €30bn
With these funds stripped out, fund flows rose to €16bn in June, said Lipper FMI. The net figure for May excluding money market fund was a decline of €4bn.
Lipper said fixed income and mixed assets funds recorded some of the largest inflows, while equity funds were also positive, though only to the tune of €1.2bn.
Among providers, Carmignac reported the greatest inflows across its funds – €1.3bn – and also the single highest sum into an individual fund, with a net investment of €537m in its Investissment Fund. Fidelity was chief beneficiary when it came to equity funds, with inflows of €1bn.
Allianz-Pimco and Franklin Templeton were the top beneficiaries of inflows into bond funds, dividing €30bn between them. Pimco’s Total Return Bond Fund had the largest individual inflow of €1.4bn, said Lipper.
