EIE’s latest Pan-European research data reveal that the asset class European fund selectors’ views are most split on is European equities.
Net outflows from European equity funds accelerated in August, while developed bonds are showing an upsurge.
Mutual funds which invest in European equities suffered net outflows in July for the first time since March 2013.
Asset managers have abruptly changed their return expectations for US, and especially European equities.
International asset management companies continue to prefer developed stocks over emerging equity markets.
Money flows to developed equity funds are now at the lowest level since June 2013, according to the latest EIE fund flows data.
European fund selectors who take part in this year’s EIE Fantasy Fund Picker Competition have a strong bias towards European equity funds.
Flows into European equity funds are the lowest they have been for almost a year.
Fund selector appetite for European and US equities has recently decreased sharply, the latest EIE survey data show.
Fund managers attending EIE’s Pan-European Congress said that the solution to Europe’s economic and regulatory problems is more centralised control, despite the popularity of anti-European public opinion across the continent.