Morningstar: European assets decline in February as bonds suffer heavy outflows

Assets in long-term European-domiciled funds declined in February as multiple concerns weighed on investor sentiment, data from Morningstar show. By the end of the month, total assets in European open-ended funds and ETFs had fallen to €11.6trn - around €300bn less than the end of January, as an exodus from fixed income left its mark. Net inflows stood at €4bn, with equity funds making up the losses seen in bonds, attracting net €11.3bn. European fixed income funds suffered redemptions ...