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BlackRock sees biggest
European fund inflows in 2017: Morningstar
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[February 07, 2018]
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. |
The
BlackRock logo is seen at the BlackRock Japan
headquarters in Tokyo, Japan, October 20, 2016.
REUTERS/Toru Hanai/File Photo |
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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 merged last year with Aberdeen Asset Management to
form Standard Life Aberdeen.
($1 = 0.8099 euros)
(Reporting by Carolyn Cohn, editing by Maiya Keidan)
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