Europe-domiciled retail and institutional mutual funds had record net inflows of €250 billion ($305.975 billion) for the eight months through Aug. 31, taking the lion's share of more than €400 billion in worldwide inflows for that period, Jag Alexeyev, senior managing director of Strategic Insight Global, said in an interview. Net inflows for U.S. domiciled mutual funds were $170 billion for the same period.
Fewer than 1% of funds globally accounted for half of net flows, according to a news release. There were signs, however, that flows in Europe have been less concentrated than in the United States, where a handful of fund families, led by American Funds and Vanguard, have snared more than 50% of net flows. More than 50 fund management companies in Europe have "captured in excess of a billion euros in net flows this year," while many coming in below that hurdle still had "meaningful gains," Mr. Alexeyev noted in the release.