Multi-asset funds have grown in popularity throughout March while equity funds reported moderate outflows, according to the latest fund flow data presented by Lipper.
Multi-asset funds recorded €24.5bn in inflows throughout March, followed by bond funds (+€17.9bn), property funds (+€0.9bn), and commodity funds (+€0.2bn).
However, equity funds and alternative products saw net outflows of €-0.4bn and €-0.3bn respectively.
In terms of net sales, Intesa SanPaolo turned out to be strongest group with net sales of €4.3 bn, ahead of BlackRock(+€3.9 bn) and Northern Trust (+€2.7 bn).
The full report can be accessed here.