Passive management dominates Europe's best-selling funds: eight of the top ten are index funds
According to Morningstar data as of the end of September, eight of the ten funds that attracted the most money in Europe are passively managed. The leader is the Vanguard FTSE All-World UCITS ETF, with more than 23 billion euros raised in the first nine months of the year, nearly double the second best-seller. The two active exceptions are PIMCO GIS Balanced Income and Growth, with 11.83 billion, and DNCA Invest Alpha Bonds, with close to 8 billion. In Spain, fixed income and maturity-horizon funds predominate.
In 40 seconds
- Eight of the ten best-selling funds in Europe through September are passively managed, according to Morningstar
- Vanguard FTSE All-World UCITS leads with more than 23 billion euros raised, nearly double the second
- The SPIVA Europe report shows 97.7% of active global equity funds failed to beat the S&P World over ten years
Read the full story at El Economista
IASummary generated by artificial intelligence from a story by El Economista. It may contain errors: the original source prevails.
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