Net new flows of both actively and passively managed European mutual funds increased in January, new research shows.
Cerulli Associates unveils this finding in the March 2014 edition of “The Cerulli Edge: European Monthly Product Trends.” The report reviews, among other developments, product trends by vehicle type and country, including new launches of new funds.
The report indicates that net new flows of passively managed European mutual funds increased to €4.4 billion ($6.1 billion) in January. This compares with €2.1 billion ($2.9 billion) in December of 2013.
Net new flows of European actively managed funds mutual funds attained €19 billion ($26.2 billion) during the same period.
Turning to European flexible bond fund assets under management, the report observes a marked rise between 2013 and 2012: €$97 billion ($133.9 billion) last year versus €$75.9 billion ($104.8 billion) the year prior, a 27.8 percent increase.