Diversified Financial May 2020 Monitor: Update – Fund Flows, Markets, Valuations

The Euro asset managers we track saw €1.7bn of active fund outflows in May (0.2% of AUMs) after more than €42bn of outflows in March, the worst month since the GFC, and €6.6bn in April.

01 Jun 2020

May-20 fund flows continue to improve from the sharp outflows recorded in March

Source: Morningstar, UBS Analysis

This line graph charts monthly fund flows of European Asset Managers.

May 2020: Equity markets continue their rally

After the strong performances of April, which proved to be the best month for US equity markets since 1987, global equities extended their rally in May, supported by prospects of easing mobility restrictions and accommodative monetary policies. May returns were robust across the major DM equity markets.  At  the  same  time,  EM  equities  underperformed, delivering a total return of 1% in May 2020.

Fund flows, though still negative, continue to improve

The Euro asset managers we track saw €1.7bn of active fund outflows in May (0.2% of AUMs) after more than €42bn of outflows in March, the worst month since the GFC, and €6.6bn in April.

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