Ireland notched up by far the biggest overall volume of fund inflows (+€31bn), with Switzerland (+1.6bn), the UK (+€0.7bn), Luxembourg (+€0.6bn) and Guernsey (+€0.4bn) also in positive territory.
France was, by a wide margin, the European fund domicile with the largest net outflows (-€20.7), with the Netherlands (-€1.6bn) and Norway (-€1.1bn) likewise in negative territory.
“It is noteworthy that the fund flows for France (-€15.6 bn), Luxembourg (-€3.4 bn), and Ireland (+€4.9 bn) were impacted by flows in and out of money market products,” commented Detlef Glow at Lipper from Refinitiv.
Irish funds performed across the bond (+€12.5bn), equity (+€10.1bn), mixed-asset (+€3.1bn) and alternative Ucits (+€0.1bn) sectors.
Lipper from Refinitiv reported that German funds attracted the highest net inflows in the alternative Ucits segment (+€0.2bn).
Luxembourg-domiciled funds recorded net outflow in bond products (-€3.5bn) and alternative Ucits (-€0.6bn). This was offset by net inflows in equity products (+€6.2bn) and mixed-asset funds (+€2.9bn).