From Morningstar: 2024-09-23 11:57:00

Investors showed positive sentiment in August, pouring EUR 40.2 billion into Europe-domiciled long-term funds, resulting in the second-best monthly flows of 2024. Global equities gained 2.5% throughout the month, easing initial worries about the US recession and yen strength. Bond funds attracted EUR 26.9 billion in net new subscriptions, while money market funds saw EUR 62 billion in new subscriptions.

Equity funds received EUR 16.7 billion in August, with passive strategies leading with EUR 19.3 billion in net inflows. Active equity funds faced EUR 2.6 billion in net outflows, continuing a trend of 17 months of outflows in the last 18. Bond funds saw EUR 26.9 billion in net inflows, with both active and passive strategies benefiting.

Long-term index funds garnered EUR 24.7 billion in August, surpassing actively managed fund inflows of EUR 15 billion. Passive funds’ market share increased to 28.8% from 25.5% in the previous year. Article 8 sustainable funds saw EUR 8.3 billion in net inflows, contrasting with Article 9 funds which shed EUR 587 million over 11 consecutive months.

In August, the top asset managers gained the most in Europe, with passive and active management strategies outlined excluding money market funds. Funds falling under Article 8 of the Sustainable Finance Disclosure Regulation experienced net inflows of EUR 8.3 billion. Flows were tracked in over 31,300 Europe-domiciled funds across various asset classes.



Read more at Morningstar: Hefty Inflows in August as Investor Optimism Defies…