Multi-Asset Funds Draw Biggest Inflow in Almost Two Years: Chart
(Bloomberg) -- European funds that invest across asset classes attracted 10.9 billion euros ($11.9 billion) of new money in March, their biggest inflow since May 2015, according to data provider Morningstar Inc. Multi-asset funds have gained popularity since the global financial crisis because they help shield investors from market shocks. Their total holdings rose to 1.19 trillion euros.
To contact the reporter on this story: Natasha Doff in Moscow at ndoff@bloomberg.net.
To contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net, Robert Brand, Dana El Baltaji
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