Refinitiv Lipper figures show record inflows to European funds in 2021

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Refinitiv Lipper’s fund flow report for December finds that long-term mutual funds (+EUR718.9 billion) posted net inflows for 2021 overall. 

Money market products (+EUR5.2 billion) posted net inflows for the year 2021. The overall fund flows for mutual funds and ETFs in Europe over the course of the year 2021 amounted to estimated net inflows of EUR724.1 billion.

Equity Global (+EUR179.5 billion) was the best-selling sector among long-term funds. Luxembourg (+EUR329.1 billion) was the fund domicile with the highest net inflows, followed by Ireland (+EUR204.3 billion) and the UK (+EUR40.5 billion). 

BlackRock (+EUR107.7 billion) was the best-selling fund promoter in Europe for the year, ahead of JPMorgan (+EUR33.9 billion) and Vanguard (+EUR31.8 billion).

Detlef Glow, Head of EMEA Research at Refinitiv Lipper, says: “European investors in general were further in a risk-on mode over the course of the year 2021 as equity funds were the best-selling asset type for the year. In fact, the European fund industry enjoyed record inflows (EUR724.1 billion) over the course of 2021 despite the unclear economic situation caused by the ongoing COVID-19 pandemic, disruptions in the delivery chains of some industry sectors, and steadily rising inflation. 

“That said, it is remarkable that 2021 was the second year in a row during a global crisis in which the European fund industry enjoyed record inflows. These strong inflows are somewhat surprising, since companies and investors had to weather the uncertainty and impacts caused by the COVID-19 pandemic, which should have led under normal circumstances to a more cautious behavior from investors. Therefore, it can be assumed that the massive financial and fiscal actions taken by governments and central banks around the globe have boosted the confidence of investors to stay in a risk-on mode.”

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