Latest figures from the European Fund and Asset Management Association (EFAMA) reveal that bond funds were the most popular asset class worldwide in Q3 last year, although down on previous quarter.
The Association’s statistics show that bond funds continued to enjoy net inflows, even though the level was markedly reduced from the previous quarter - €7bn compared to €70bn. Even with such a pronounced drop, bonds were favoured over equity funds which experienced a swing in net flows to register net outflows of €79bn during the same period and which should be compared to net inflows of €16bn in Q2. There was also a turnaround in net sales for balanced/mixed funds to register net outflows of €14bn. And net outflows from long-term funds ran up to €78bn in Europe and €13bn in the US over t...
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