Broadridge market progress barometer International Assets Market leaders Net sales split At end Dec Total tn Top Groups Assets Est net sales Sep-Dec (bn) Prior quarter Latest quarter (Dec ) (Q ) Rank Master groups m m Other bn Bonds Vanguard Money market KBC enhanced bn ORIX / Robeco bn bn Carmignac Money market MMC/Mercer Soc Gen/Lyxor n Amundi Mixed Assets BNP Paribas AXA bn State Street Equities Total top - Total international - - Top as of all master groups n.a. Bonds Equities Mixed Money Enhanced Others market money Notes: funds of funds are excluded to avoid double-counting. Sectors are based on Broadridge pan-European classification system market Investor preference (excluding liquidity products) Top selling sector for latest quarter: Equities Global bn Bottom selling sector for latest quarter: Bonds EUR - bn
Business development in Europe’s mutual fund markets (m) Net sales contribution to asset growth Latest quarter Market performance Net sales Net sales Net sales Net sales Net sales Fund assets Asset growth Large countries Asset Market (latest Q) (Q ) (Q ) (Q ) (Dec ) (latest Q) bn growth - (m) Spain Italy International Sweden - United Kingdom Denmark - - Sweden United Kingdom - - Italy Finland - - Spain Hungary - France Czech Republic Germany Turkey - - Switzerland Croatia Denmark Russia Finland Portugal - Norway Slovakia - - - Netherlands Netherlands - Belgium Liechtenstein - Austria - Estonia - Small countries Asset Bulgaria m growth - - - - (m) Lithuania Luxembourg - - - Hungary Russia Ukraine Czech Republic Latvia - - - - Greece Slovenia - - Iceland Romania - - Portugal Iceland - - - - Croatia Greece - - - - Slovenia Malta - - Liechtenstein Germany - Slovakia Austria - - - Bulgaria Norway - - Estonia Belgium - Lithuania France - - - Luxembourg Poland - - - - Latvia Switzerland - Ukraine International - - Malta - Total - - Romania - Analysis is based on ‘long-only’ funds and therefore excludes money market funds. Data excludes fund of funds to avoid Turkey - double- counting. A fund is allocated to a market if more than of its assets are sourced from that country. Poland - International includes all European funds that derive less than of their assets from any one country Rising/falling sectors in Europe Top selling new fund launches in Europe Fund Est net sales Estimated net sales (bn) Latest quarter (Sep–Dec ) launch date (latest Q) Bonds Equities Bonds Equities Asset Rank Master group Fund Name Sector ( ) m EUR Emerging Emerging Global Allocation Short-Term Markets Markets Alternative Vanguard Vanguard US Treasury Inflation-Protected Securities Index Fund Bonds Inflation Linked Oct ORIX / Robeco Robeco Customized Liability Driven Fund I Derivatives Dec Northern Trust Northern Trust UCITS Common Contractual Fund - World Equity Index Fund Equities Global Oct UBI Banca UBI SICAV - Obiettivo Stabilità Mixed Assets Conservative Oct AXA AB SICAV I Fixed Maturity Bond A Portfolio Bonds Target Maturity Nov HSBC HSBC GIF-Global Corporate Fixed Term Bond Bonds Target Maturity Oct - China Asset Co ChinaAMC Greater China Income Bonds CNY Dec - BNY Mellon BNY Mellon Global Short Dated High Yield Bond Fund Bonds Global High Yield Nov Baring Oppenheimer Developing Markets Equity UCITS Fund Equities Emerging Markets Nov Jul Aug Sep Oct Nov Dec Intesa SP Eurizon Obbligazionario Multi Credit Dicembre Bonds Alternative Oct Rising sectors were the top sectors in the last months in terms of estimated Total net sales in Europe. Data exclude money market funds but include funds of funds so that these can be illustrated if they are in the ascendancy Data include retail investment funds only. Excludes money market funds because of distortions from institutional liquidity funds Source: Broadridge FundFile