Refinitiv: European passive funds outdraw their active counterparts in 2019

Refinitiv: European passive funds outdraw their active counterparts in 2019

February 4, 2020

Equity Asset Management
Grafiek Handel analyse.jpg

Please see attached for the 2019 review of the European fund industry from the Lipper team at Refinitiv:

-The European fund industry faced estimated net inflows in 2019 after a rough 2018, with net outflows of €129.2 bn.
-The overall fund flows for mutual funds in Europe amounted to estimated net inflows of €303.9 bn for 2019.
-Bond funds (+€257.0 bn) were the best-selling individual asset type overall for 2019.
-Equity Global (+€26.5 bn) was the best-selling sector among long-term funds for 2019.
-BlackRock, with net sales of €79.4 bn, was the best-selling fund promoter for the year 2019 overall, well ahead of PIMCO (+€39.6 bn) and Vanguard Group (+€28.9 bn).
-The European fund market increased by 142 funds over the course of 2019.

Detlef Glow, Lipper Head of EMEA Research at Refinitiv, comments: 'Flows were mainly driven by discussions about a possible positive outcome in the trade war between the U.S. and China, Brexit developments, the ongoing low interest rate environment, and U.S. rate cuts which resulted in another positive year for the European fund industry.

That said, the flows within equity funds were surprising. Even as the general environment was positive, some fund promoters witnessed heavy outflows, with investors getting more selective. The European fund industry also experienced further mergers and acquisitions on the asset manager side and in the service provider segment.'

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