LONDON (Reuters) – BlackRock, the world’s biggest fund supervisor, noticed the most important inflows in the European asset administration sector in 2017 at 62.7 billion euros ($77.42 billion), in response to knowledge from Morningstar.
Record internet inflows throughout the sector took European-domiciled open-end funds to eight.9 trillion euros beneath administration, up 12 % from 7.96 trillion in 2016, Morningstar stated in a press release on Wednesday.
Standard Life’s international absolute return methods fund noticed internet outflows of 9 billion euros.
Standard Life merged final yr with Aberdeen Asset Management to type Standard Life Aberdeen.
($1 = zero.8099 euros)
Reporting by Carolyn Cohn, modifying by Maiya Keidan