Investors continued to pour cash into Europe-domiciled equity funds in May, while fixed income funds suffered €16.5bn of net outflows and long-term experienced withdrawals of €15.8bn, the worst monthly result since March 2020. The latest Morningstar European fund flows report showed that equities managed to stay in positive territory with €2.9bn of new net subscriptions last month, a modest result when compared with the average of the last two years. Within equities, global large-cap blend, water, ecology and income equity funds were the main beneficiaries. In terms of monthly organ...
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