From Morningstar: 2024-08-27 04:52:00

Investors put €44 billion into Europe-domiciled funds in July, similar to May’s €47 billion. Global equity markets saw tailwinds in July, with the US market up 1.5% due to a shift to small-cap stocks. UK market benefited from economic growth, while Japan experienced underperformance. Bond funds attracted €32.3 billion.

Equity funds received €15.6 billion in net inflows, with passive strategies gaining €15.6 billion. Allocation strategies had €2.8 billion in outflows. Alternatives returned to positive territory. Money market funds saw €27.5 billion in net new subscriptions, following €28.8 billion in June.

Index funds garnered €24.3 billion in inflows, outpacing actively managed funds at €19.3 billion. Article 8 sustainable funds had €14.5 billion in inflows, while Article 9 continued to see outflows. Global large-cap blend equity funds were top sellers. Eurozone large caps and China equity funds saw outflows.

iShares led in asset-gathering with €7.4 billion in July. PIMCO and iShares have grown at nearly 10% over the past year. Baillie Gifford had 31 straight months of outflows, falling from €93 billion to €45 billion. Three funds had errors in the report, impacting flow figures.

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