In Flux: It’s like we lost Taiwan, or Canada
The data leaves no doubt about it. This year is a tough one for investors everywhere. It’s very clear in the numbers reported this week, both for Europe and for Luxembourg, the domicile for about 10.000 Ucits funds, about one third of all such funds in Europe. Luxembourg’s loss of total fund value this year now is roughly equivalent to the size of an economy like Taiwan. At a European level, the losses can be compared to an economy the size of Canada.
Mutual fund outflow persists in May, inflow for ETFs
Mutual funds saw net outflows last month at a rate of more than one billion euro per day, while firms selling Exchange Traded Funds experienced a small level of net inflows, according to new data from Refinitiv Lipper.
Mutual funds experienced net outflows of 32.3 billion euro last month, compared to net inflows of 2.5 billion for Exchange Traded Funds.
European ETF inflows remain ‘far below’ 12-month average
Firms promoting Exchange Traded Funds in Europe have reported 2.5 billion euro in net inflows for last month, despite a persistently difficult market environment, market research firm Refinitiv Lipper said on Tuesday. The inflows remain “far below” the 12-month rolling average of 11.5 billion euro per month.
European fund assets decline to 14.5 trillion euro in Q1
Total assets under management in the European fund industry fell to 14.5 trillion euro at the end of the first quarter from 15.3 trillion at the end of last year, according to the latest European Fund Markets Report by Refinitiv Lipper.
The negative performance of the underlying markets contributed negative 696.4 billion euro to the decline over the quarter, while estimated net flows summed up to negative 88.6 billion euro by the end of March.