Investors withdrew €47.7bn from long-term funds domiciled in Europe in June, as the region had its worst record for monthly outflows since March 2020, according to Morningstar European asset flows data.
Net outflows climbed to €28.4bn over the month. Fixed income funds suffered most, with €84bn flowing out of bond funds, making the first half of 2022 the worst on record for the asset class, while European money market funds shed €8bn. Net redemptions in equity funds climbed to €12.1bn, though passive funds continued to have positive monthly flows. Refinitiv: Equity funds see almost €7bn outflows in June June was a negative month for all major asset classes. Investors withdrew €2.5bn from commodity funds, €2.1bn from alternative strategies and €1.7bn from diversified allocation ...
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