European Funds Still Attractive With 1/3 Of World’s Investable Assets

In a recent report, Stifel Nicolaus Equity Research noted European mutual funds saw long-term flows turn negative as volatility and interest rate concerns in the U.S. spilled into the global markets. YTD asset gathering remains solidly positive with all major asset classes (apart from commodities) participating. The research firm anticipates flow recovery through July, similar to what we are seeing in the U.S. industry, as investors adjust to the new macro environment. The European/cross-border market is a key distribution center for  U.S. asset managers with global capabilities. The firm noted that the flows provided in the report incorporate cross-border assets that are likely…