Total assets invested in Luxembourg-domiciled investment funds rose by 6.11% in April, taking the amount of assets invested back to €4.4 trillion. This is roughly the same level as a year earlier.
The bulk of the rise in assets can be attributed to a recovery in asset prices in April, according to figures published by the CSSF. Net inflows accounted for only 1 percentage point of the increase in assets. While equity markets recovered in April, developed market equity funds continued to see net outflows. Only emerging market and global equity funds saw net inflows.
On the bond side, high-yield funds saw net inflows again, while emerging market debt funds continued to register net redemptions. Inflows to investment-grade developed market bonds funds were more or less neutral.
In a sign that investors continued to be cautious, money market funds topped the inflow rankings once more in April. Especially dollar-denominated funds were popular, seeing the highest inflows both in relative and absolute terms.
You can find all the figures here (only in French): https://www.cssf.lu/en/2020/05/global-situation-of-undertakings-for-collective-investment-at-the-end-of-april-2020/