Net inflows into equity funds increased, as investors remained relatively optimistic about the outlook of financial markets, according to latest research from European Fund and Asset Management Association (EFAMA).
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The German fund industry is the largest manager of capital for retirement provision in Germany, according to fund association BVI.
FinecoBank announced that it would expand its investment offerings with a series of funds from Robeco.
Sustainable funds continued to gain momentum in the third quarter of 2020, representing a growth of 27% since end of June.
The global ETF/ETP market was only $31.6bn away from the annual inflow record at the end of October 2020 with two months to go, ETFGI reports.
Net sales of Ucits and AIFs totalled €30bn, down from €124bn in July
A report by the Investment Company Institute Global stresses that asset-weighted average ongoing charges for equity and fixed income Ucits funds fell three and one basis points over 2019 respectively.
