ETF Highlights : May 2018 was the first month with net outflows from long-term mutual funds after 16 consecutive months with net inflows. Mixed-asset funds…..
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By Detlef Glow, Head of EMEA research at Thomson Reuters Lipper
(+€2.5 bn) were the best selling individual asset type overall for May.
The overall fund flows to mutual funds in Europe amounted to net outflows of €25.3 bn for May.
Equity Global (+€5.9 bn) was the best selling sector among long-term funds for May.
Ireland (+€5.9 bn) was the fund domicile with the highest net inflows, followed at a distance by Sweden (+€1.7 bn), Jersey (+€0.8 bn), Belgium (+€0.7 bn), and Germany (+€0.3 bn).
Legal & General, with net sales of €5.4 bn, was the best selling fund promoter for May overall, ahead of BlackRock (+€4.0 bn) and Goldman Sachs (+€3.4 bn).
The ten best selling long-term funds gathered at the share-class level total net inflows of €8.3 bn for May.
UBS ETFs plc – MSCI ACWI SF UCITS ETF (h USD) Aa (+€1.0 bn) was the best selling individual long-term fund for May.
Source: ETFWorld
