BlackRock sees biggest European fund inflows in 2017: Morningstar

LONDON (Reuters) – BlackRock, the world’s biggest fund manager, saw the largest inflows in the European asset management sector in 2017 at 62.7 billion euros ($77.42 billion), according to data from Morningstar.

Record net inflows across the sector took European-domiciled open-end funds to 8.9 trillion euros under management, up 12 percent from 7.96 trillion in 2016, Morningstar said in a statement on Wednesday.

Standard Life’s global absolute return strategies fund saw net outflows of 9 billion euros.

Standard Life (LON:) merged last year with Aberdeen Asset Management to form Standard Life Aberdeen.

($1 = 0.8099 euros)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.