European actively managed mutual funds peaked at €4.3 trillion in February, but net flows fell to €25 billion from a high from $49.2 billion in January, according to a new report.
Cerulli Associates discloses this finding in the April 2013 edition of the “Cerulli Edge: European Monthly Product Trends.” The publication is one a suite of periodicals that cover issues and trends in asset management and distribution.
The report reveals that net new flows of passively managed mutual funds also dipped to €3.5 billion in February from €6.7 billion in January and €7.5 billion December. Passively managed assets under management totaled €586 billion in February, up from €571.9 billion in January and €562.3 in December.
By asset class, the report shows, equities accounted for most of the European actively managed mutual funds in February, totaling €1.8 trillion. This compares to €1.6 trillion and €591.6 billion in assets under management for bonds and mixed assets, respectively. Property, commodities and under other mutual funds accounted for an additional €123.3 billion, €16.6 billion and €237.7 billion, respectively.