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us groups dominated european fund sales in h1

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.

Top-selling groups by H1 ’13 estimated net sales (€m)
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.

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