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Europe-based funds gather €48.4bn in July as bond strategies record highest monthly inflow in five years
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According to Morningstar's Asset Flows report, the surge in monthly inflows came on the back of strong interest in fixed income strategies, which attracted €42.6bn of net inflows in July, marking the strongest month since June 2019. Antje Schiffler, editor at Morningstar, noted that active fixed income strategies in particular attracted €32.7bn as a result of «robust interest in Asian local currency bonds», which accumulated €6.8bn. On the other hand, only €9.9bn flowed into fixed income passive funds. Meanwhile, equity funds enjoyed €10.1bn of net inflows in July, bolstered by passiv...
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