Net new money was poured into bond and equity funds.

Assets slumped 5.2% year-on-year.

Despite plans to cut 101 jobs in the Grand Duché, State Street leads the pack in fund administration and other segments, according to a Monterey Insight study.

The labels are awarded for three years.

Responsible equity strategies pave the way with AuM totalling €495.5bn according to Morningstar.

Assets under management of listed exchange-traded funds on Borsa Italiana totalled €67.2bn as of end May.

During the week to 5 June, bond funds recorded inflows of $17.5bn according to Bank of America Merrill Lynch's research.

SS&C's Asset Manager Composite index shows AuM rebound of US listed asset managers in first quarter but operating margins hit record low since 2010.