Sumary of Money market funds top pick for European investors in October:
- Money market funds were the best-selling asset in October, while investors sold out of global emerging market bond funds.
- Equity global was the best-selling sector among long term funds, attracting €12.9 billion in net inflows.
- According to the report, the worst-selling Lipper global classifications by estimated net sales were bonds sectors.
- The bond emerging markets global, for example, faced the highest estimated net outflows for October at €1.5 billion, bettered by bond emerging markets global hc at €1.4 bn).