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).
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.