The Covid-19 crisis has outrun Brexit as a shock for the UK mutual fund industry.
The EU securities regulator’s annual statistical report revealed that on an average, retail clients paid 40% more across asset classes.
Danish investors pumped under DKK 19bn (€2.5bn) into the fund industry in February 2020, despite rough market conditions.
Last week, equity funds experienced declines similar to those having occured in the aftermath of the bursting of the Internet bubble, in 2001, and the Battle of France, in May 1940, according to BofA's research.
Swedish investors withdrew SEK 15.8bn (€1.46bn) from equity funds in February, amidst global Covid-19 spread.
Sustainable investments of Cyprus-domiciled funds only totalled 0.16% of overall assets under management.
Equity funds were particularly hit by £1.55bn outflows in the last week of February, as markets crashed due to the global Coronavirus outbreak.
Data from Luxembourg's financial watchdog CSSF suggests that 33.3% of the 3,719 funds domiciled in the country have been initiated in Germany.
Despite outflows, assets under management of the Italian fund industry have hit a new record high at the end of January 2020.