European Credit Fund Flows：Weekly Update

Fund Flows Summary - Euro investment grade funds saw an inflow of €1.1bn (0.4% of AUM) for the week ending 31 July [1][6] - Sterling investment grade funds experienced an outflow of £71mm (0.1% of AUM) for the same week [1][10] - European high yield funds registered an inflow of €428mm (0.5% of AUM) [1][15] - European strategic funds (ex Target Date) saw an inflow of €302mm (0.2% of AUM) [20] Euro Investment Grade Funds - Weekly inflow of €1.1bn (0.4% of AUM) includes €49mm (0.1% of AUM) from ETFs and €602mm (0.6% of AUM) from short duration funds [6] - Provisional June flows show an inflow of €3.8bn (1.2% of AUM) [6] - Cumulative flows from Jan 2024 stand at €25bn (8.7% of AUM) [7] Sterling Investment Grade Funds - Weekly outflow of £71mm (0.1% of AUM) includes £41mm (1.4% of AUM) from ETFs and £140mm (1.7% of AUM) from short duration funds [10] - Provisional June flows indicate an outflow of £976mm (1.8% of AUM) [10] - Cumulative flows from Jan 2024 show an outflow of £1.8bn (3.2% of AUM) [11] European High Yield Funds - Weekly inflow of €428mm (0.5% of AUM) includes €57mm (0.5% of AUM) from ETFs and €66mm (0.8% of AUM) from short duration funds [15] - Provisional June flows show an outflow of €47mm (0.1% of AUM) [16] - Cumulative flows from Jan 2024 stand at €6.8bn (8.6% of AUM) [17] European Strategic Funds (ex Target Date) - Weekly inflow of €302mm (0.2% of AUM) includes €34mm (0.1% of AUM) from subordinated credit funds and €36mm (0.3% of AUM) from crossover funds [20] - Provisional June flows indicate an inflow of €856mm (0.6% of AUM) [21] - Cumulative flows from Jan 2024 show an inflow of €10.6bn (7.1% of AUM) [21] European Credit Target Date Funds - Weekly outflow of €27mm (0.1% of AUM) [24] - Provisional June flows show an outflow of €505mm (0.9% of AUM) [25] - Cumulative flows from Jan 2024 stand at an outflow of €2.4bn (3.8% of AUM) [26]