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lipper research bond outflows gain momentum

The inflows lifted year-to-date estimated net sales to €157.7bn (including money market funds).

Bond funds saw outflows of €6.3bn, but remained the best-selling sector year-to-date, having drawn in net inflows of €91.2bn. Short-term bond strategies maintained their popularity, with inflows of €1.8bn.

European equities topped the sales charts for August after the eurozone emerged from recession, with inflows of €3.4bn. Asset allocation strategies also fared well, gathering €3.2bn in net new assets. Emerging market bond funds remained among the weakest sectors in terms of fund flows.

Deutsche Asset and Wealth Management was the best-selling group for August, with net sales of €1.2bn, followed by JP Morgan and BlackRock (both €0.8bn).

The five best-selling funds were: Pimco GIS Diversified Income Duration Hedged, BlackRock Index Selection – Developed World Index, Franklin European Growth, Babson Capital Global Loan and La Caixa Group’s Foncaixa Rentas 2016.

The funds with the strongest year-to-date inflows are: Templeton Global Total Return, M&G Optimal Income, Pimco GIS Unconstrained Bond, Standard Life GARS and Pimco GIS Income.

According to Lipper, provisional September data for Luxembourg- and Ireland-domiciled funds shows that equity and mixed-asset strategies achieved net inflows of about €4.7bn and €2.2bn respectively. In contrast, bond funds suffered net outflows of some €2.2bn.

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