The performance of the four firms – whose sales equated to almost a third of European fund sales, excluding money market vehicles – marked a turnaround from the equivalent period in 2012, when Pimco was the sole US representative in the top five groups by inflows.
| Rank | Group | Nat | ENS |
|---|---|---|---|
| 1 | BlackRock | US | 13,574.6 |
| 2 | JP Morgan | US | 13,267.4 |
| 3 | Fr Templeton | US | 11,872.5 |
| 4 | Pimco | US | 11,291.6 |
| 5 | Pru/M&G | UK | 5,642.9 |
Pimco slipped from first to fourth this year, despite strong sales from its GIS Unconstrained Bond and GIS Income strategies – respectively the third and fourth biggest-selling funds, with inflows of €3.9bn and €3.1bn.
Franklin Templeton rose to third, meanwhile, thanks mostly to its Templeton Global Total Return Fund – the single-most popular European strategy, with sales of €7.9bn (see table).
While bond funds featured heavily in the list of best-selling products, asset allocation strategies achieved the biggest combined inflow of any sector (€31.9bn). Mixed-asset products run by JP Morgan, Standard Life and Schroders all featured in the top-ten list of funds by net sales.
Other findings:
- BlackRock was the biggest-selling ETF provider in H1, followed by State Street and Pimco;
- Active funds account for 88% of the European fund market, versus 75% in the US; and
- There were 1,218 fund launches and 1,662 fund closures in H1.
A PDF of the Lipper European Fund Market Mid-Year Review 2013 can be downloaded from the firm’s website, here.
