Risk Appetite is Back, Latest Morningstar European Fund Flows Data for January Reveal

Morningstar European fund flow data for January shows a positive start to 2012 for the European fund industry, with investors adding Euro 13 billion in new assets to long-term European-domiciled funds in January 2012.

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Key findings from a Morningstar research report released today include:

Investors piled nearly Euro 7 billion into fixed-income funds in January.

Investors demonstrated a hunger for yield, with Morningstar’s fixed-income categories of EUR High Yield Bond, EUR Corporate Bond, and USD High Yield Bond attracting a combined Euro 6 billion in the first month of the year.

Equity funds saw their first positive month since May 2011 with more than Euro 3 billion in inflows. Global emerging-markets funds had their strongest inflows since April 2011.

Aberdeen Emerging Markets—rated “Gold” by Morningstar analysts—achieved the greatest monthly inflow among funds in the global emerging-markets category, with Euro 600 million in new assets.

Templeton Global Bond suffered its fifth consecutive month of outflows in January. Investors redeemed more than Euro 500 million during the month, and the fund’s Morningstar Investor Return* (money-weighted) was significantly below the fund’s total return.

Money market flows benefitted two of France’s top three largest funds, with BNP Paribas enjoying its best month since March 2010, and Amundi its best since May 2011.

Passive funds had a strong month, as Euro 1.2 billion flowed into index funds.

Full report can be reached at this LINK.

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Morningstar Danmark Editor  .

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