According to the analyst’s Fund Flash report, fund sales excluding money market products reached €191.2bn over the 11 months to the end of November.
Lipper said it “seems more than likely” net sales will have topped €200bn for the whole year, especially as equity and bond markets were positive in December.
Long-term fund sales were €22.3bn in November as continued gains in bond portfolios offset outflow from equity products.
The report said: “Bond funds were flavour of the month once more, with inflows of €20.7bn, bringing the year’s net sales of funds in this asset class alone to €204.3bn.
“While inflows to the most popular bond sectors were generally lower than last month, activity still remained healthy for global, emerging market (€3.1bn, of which €1.4bn related to local currency funds) and high yield funds.”
However, Lipper noted that equity funds seem to be struggling to gain a sustained stream of new investment. Flows dropped into negative territory over the month with net outflows of €940m.
Investors remained interested emerging markets with positive flows of €2.1bn going to global emerging markets, €870m to China and €570m to Asia ex Japan.
But developed market funds tended to be hit with outflows – mostly notably those investing in the UK and eurozone companies.
