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.
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.
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Reporting by Carolyn Cohn, editing by Maiya Keidan