Funds' assets under management worldwide increased by 2.1% during the third quarter of the year amounting to €47trn according to the European Fund and Asset Management Association (Efama).
Some €169bn of net new money was poured into funds worldwide during the same period, a drop compared to the €193bn recorded in the second quarter.
From this amount, €50bn were received by European funds, €119bn by funds in the US and €35bn in Japan.
Equity funds recorded net sales of €83bn during the third quarter, up from €38bn in Q2 2018. Japan recorded the largest net sales of equity funds (€36bn), followed by Europe (€20bn) and the US (€17bn).
Bond funds posted net sales of €78bn, a figure up compared to the €61bn registered in the previous quarter. US bond funds topped the list receiving €78bn while fixed income funds in Europe received €3bn.