LONDON, Sept. 24, 2015 /PRNewswire/ -- Mixed asset
mutual funds drove the bulk of long-term net inflows from European
investors through July 31, 2015,
according to new data released in two reports from Broadridge
Financial Solutions, Inc. (NYSE:BR). The European Fund Market
Mid-Year Review and July 2015 FundFlash Monthly Snapshot reports
both detail continued momentum in mixed asset products - those that
invest in equities, bonds, cash and other funds - and
strengthening equity investments following June's market
correction.
Broadridge's European Fund Market Mid-Year Review and FundFlash
– formerly published by Thomson Reuters Lipper – offer a high-level
overview of European fund and ETF investment trends. The reports
include commentary and insight based upon a new partnership between
Broadridge and MackayWilliams LLP, a leading mutual fund market
analysis and research company firm for the domestic pan-European
and cross-border fund markets.
Additional findings from Broadridge's reports include:
- Investors pumped €55bn into European investment funds including
€31bn into long term funds in July
- Mixed asset products accounted for 55 percent (€124bn) of total
inflows in the first half and 23 percent (€7bn) in July
- The top three markets by estimate net sales in July were
Italy, Germany, and the United Kingdom
- The top fund firms by sales in July were BlackRock, DeAWM, GAM
Holding, Intesa and Vanguard
"It's been a challenging year for asset managers in Europe with some periods of intense market
volatility and increasing competition coming from the banks," said
Diana Mackay, chief executive
officer of MackayWilliams, "But low interest rates continue to
drive flows into retail funds and mixed asset funds, in particular,
are having a blockbuster year."
"Our new partnership with MackayWilliams follows our recent
acquisition of the Fiduciary Services and Competitive Intelligence
unit from Thomson Reuters' Lipper division," said Frank Polefrone, senior vice president of
Broadridge's data and analytics business. "Together, these
investments demonstrate our ongoing commitment to providing our
clients with innovative data, analytics and insights to enhance
their sales efforts."
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading
provider of investor communications and technology-driven solutions
for broker-dealers, banks, mutual funds and corporate issuers
globally. Broadridge's investor communications, securities
processing and managed services solutions help clients reduce their
capital investments in operations infrastructure, allowing them to
increase their focus on core business activities. With over 50
years of experience, Broadridge's infrastructure underpins proxy
voting services for over 90% of public companies and mutual funds
in North America, and processes on
average $5 trillion in equity and
fixed income trades per day. Broadridge employs approximately 7,400
full-time associates in 14 countries. For more information about
Broadridge, please visit www.broadridge.com.
For more information about Broadridge, please visit
www.broadridge.com.
Media
Contacts:
|
|
Linda
Namias
|
Maggie
Nolan
|
Broadridge Financial
Solutions
|
Brainerd
Communicators, Inc.
|
+1
631-254-7711
|
+1
212-986-6667
|
linda.namias@broadridge.com
|
nolan@braincomm.com
|
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SOURCE Broadridge Financial Solutions, Inc.