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UK-based funds received the highest net inflows (€12.6bn), followed by Ireland (+€10.3bn), Luxembourg (+€8bn), France (+€3.2bn) and Switzerland (+€1.8bn), according to Refinitiv Lipper, a data firm.

Ireland (+€3.5bn) and France (+€2.5bn) were bolstered by strong inflows in the money market segment, Refiniv Lipper said on 19 October.

Luxembourg-based funds led in the bond (+€2.9bn) and equity (+€10.5bn) categories. However, the grand duchy saw net outflows in mixed asset (-€1.3bn) and alternative Ucits (-€1.3bn) funds.

Refiniv Lipper’s monthly report covered 34 European markets. Altogether 24 countries recorded net fund inflows and 10 reported net outflows in September 2020. Italy (-€1.9bn), Jersey (-€0.3 bn) and the Isle of Man (-€0.1bn) were the domiciles with the highest net outflows.