October fund flows hit record highs in Europe

Europe-domiciled long-term funds recorded their best month of 2024 in October, attracting €62.6 billion in net inflows, according to Morningstar data. Active equity funds returned to positive net flows, with €3.4 billion in new investments, while bond funds posted €41.8 billion in inflows, their strongest month since 2019. Long-term index funds also gained traction, raising €29.2 billion, reflecting their growing market share. Sustainable funds showed mixed results, with Article 8 funds enjoying six consecutive months of positive flows, while Article 9 strategies continued to struggle. October’s...