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Pimco and BlackRock lead record fund sales in Europe

The US asset managers and France's Amundi were the top sellers in the region in the year to the end of November, according to Morningstar data

Pimco and BlackRock lead record fund sales in Europe
Photo: Photography: Darren Lazarus

Pimco, BlackRock and Amundi are on track to be crowned the biggest winners in a record breaking year for European investment fund sales.

According to data from Morningstar, net inflows reached €644bn to the end of November 2017 — beating the previous industry high of more than €414bn during the same period in 2014. The data does not include the sale of short-term money market funds.

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