晨星：2025年第二季度欧洲资产管理行业脉搏报告：不确定性加剧下私募机构挑战升级（英文版）

Investors Look to Lock In Higher Yields With the dovish outlook for interest rates, European investors continue allocating more of their capital to fixed-income funds. Equity inflows have shown signs of recovery while allocation funds continue to see outflows. Why Does Fund Flow Matter? Growth in assets under management drives asset managers’ revenue. While market movements contribute to AUM growth, fund flows represent organic growth. Flow data paints a more accurate picture of market share