European funds saw EUR 131 billion in Q2 2025, down from Q1 due to geopolitical volatility. Active bond funds attracted EUR 50 billion, while passive equity funds drew EUR 60 billion. Investors shifted away from US dollar assets towards European markets. Defense stock funds thrived, with EUR 6.8 billion in inflows. Short-term bond funds gained EUR 24 billion amid interest rate uncertainty. BlackRock led in quarterly flows thanks to its ETF business.

Read more at Morningstar: 5 Key Trends in Q2