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European Long-Term Funds Continue to Attract Investors, Emerging Markets Funds Show Resurgence in May, Latest Morningstar Fund Flows Data Reveals

Morningstar’s latest fund flow figures reveal that long-term European funds continue to see substantial demand from investors. Open-end funds posted net inflows of EUR 30.4 billion in May, and fixed-income funds welcomed EUR 14.13 billion, the highest inflows of any asset class. 

Ali Masarwah 30/06/2014
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The resurgence of global emerging markets is demonstrated in the latest monthly figures, as investors sent EUR 2.87 billion into global emerging-markets bond funds last month. May also witnessed the third consecutive month of positive inflows for global emerging-markets equities.

Further findings for May Morningstar fund flows data include:

  • Alternative funds received EUR 4.19 billion in net new assets.
  • Asset flows into equity funds declined compared to the previous month but were still comfortably in positive terrain, taking in net EUR 1.64 billion.
  • Global bond funds and USD diversified bond funds continued to reel under outflows from the large flagship Franklin Templeton and PIMCO funds, an ongoing trend of the past 13 months.
  • Emerging markets and Asia specialist Aberdeen experienced outflows of EUR 304 million in May, the 14th consecutive month of negative flows for the firm.
  • Of the fund providers receiving the largest inflows in May, BlackRock gained the most assets for the month at EUR 2 billion, with Pioneer Investments, JPMorgan, UBS, M&G, UBS, Allianz Global Investors, Nordea, Goldman Sachs, and DNCA Finance all experiencing positive flows. 
  • German large-cap equity funds saw outflows of EUR 475 million, the second highest in any one period since June 2009.


Morningstar’s Ali Masarwah, of Morningstar’s Asset Flows team, comments:

“On the back of buoyant equity markets and increasing complacency of credit investors, open-end funds continued to attract investors in May. The resurgence of emerging-markets funds was also confirmed this month as investors sent nearly EUR 3 billion into global emerging-markets bond funds and, for the third month in a row, global emerging-markets equity funds enjoyed positive inflows. EUR cautious allocation funds and multi-strategy funds, which implement alternative investment techniques, were also much sought after this month. Investor demand for go-anywhere, flexible bond funds and long/short bond funds suggests they are readying themselves for rising yields in the United States and possibly in the UK.”

For the full report, please see click here.

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Om forfatteren

Ali Masarwah

Ali Masarwah  Ali Masarwah war von 2011 bis Frühjahr 2021 als Chefredakteur für die deutschsprachigen Anleger Websites von Morningstar verantwortlich

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