Asset Management

Active funds flows bounce back during first half of 2025

Despite an uptick in net flows for active funds, passive products gathered a larger share of new money between January and the end of June

Buoyant flows coincided with an uptick in performance for some actively managed strategies during the first half of the year
Buoyant flows coincided with an uptick in performance for some actively managed strategies during the first half of the year Photo: Getty Images

Investment funds run by stockpickers across Europe staged a rare improvement in flows during the first half of 2025, pulling in their biggest haul of new money during the period in four years.

According to data from Morningstar, active funds scooped €123.2bn of net inflows between January and the end of June — the highest inflows posted since the end of the same period in 2021, when they collected €342.6bn.

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