Vaccine optimism resulted in equity funds surging to £2.4bn in December, the second-best month on record and took the fourth quarter (Q4) total to £4.6bn – its highest since mid-2015.
Buy Shares data revealed that the top ten of the largest mutual fund companies have $36.26trn assets under management (as of September 2020).
Net sales of equity funds turned negative in the third quarter of 2020, while worldwide money market funds too recorded net outflows compared to inflows.
European ETF provider exceeded $1bn assets under management (AUM) as of 17 December 2020.
The vehicle, named European Private Credit II, has just completed an intermediate closing at €290m.
The Fund Representation Solutions (FRS) arm of Reyl & Cie Asset Services received a licence extension from Swiss regulatory authority FINMA to offer representation services for foreign collective investment schemes to non-qualified investors.
In November, the total new savings in funds amounted to SEK 20bn (€1.95bn), with large net deposits being made in equity funds.
Innolab Technology announced that its new investment strategy based on 100% artificial investment driven investment process will be launched in a fund on 1 January 2021.