Funds Trends

Equities are favoured by European investors:
The European mutual fund industry, with overall net inflows of €12.7bn for long-term mutual funds, showed a healthy growth pattern for November 2013. As in the previous month money market products suffered net outflows for November (-€11.7bn). The inflows were mainly driven by inflows into equity funds (+€9.8bn) and mixed-asset funds (+ €4.8bn) as well as into property products (+€0.4bn). “Other” (-€1.5bn), commodity (-€0.3bn), and hedge funds (- €0.3bn) as well as bond (-€0.2bn) products showed net outflows.