Money market funds took in €15.7bn in July, making them the best-selling asset type overall among European buyers last month, according to LSEG Lipper.
The fund researcher's report said "it is not surprising that European investors bought money market products" in the current market environment. "Since the Eurozone and other major economies have an inverted yield curve…money market products offer a higher yield than medium or long-term bonds", it said. The next most loved asset category was bond funds, which took in €15.2bn, followed by equity funds, which saw inflows of €0.7bn. All other asset types faced outflows for the month. LSEG Lipper: Bond funds take lion's share of asset flows for 2023 Mixed asset funds saw the big...
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