@page { size: 8.27in 11.69in; margin: 0.79in }p { margin-bottom: 0.1in; line-height: 115%; background: transparent }TheBritish asset management firm Aviva has had the largest fund inflowsin Europe in the first nine months of the year, with net inflows ofEUR14.8bn, followed by BlackRock (EUR14.6bn) and UBS (EUR11.7bn),according to statistics released by Lipper at Refinitiv. Lipperreports that inflows at BlakcRock include EUR3.6bn for money marketfunds, while Aviva has seen net outflows of EUR1.2bn from moneymarket products. BlackRock has also posted net inflows of EUR7.5bn toETFs, while UBS ETF has contributed EUR4.8bn to net inflows at UBS.Onexamination by asset class, it can be seen that BlackRock tops therankings for inflows to bond funds, with EUR5bn, followed by Vanguard(EUR3.9bn). In equities, UBS comes out on top, witH EUR7.2bn,followed by Baillie Gifford (EUR6.1bn); for difersified fnuds,Allianz takes the top spot with EUR11.6bn, followed by EurizonCapital (EUR5.5bn), while for alternative funds, H2O Asset Managementleads with EUR7.6bn, followed by Old Mutual (EUR3.2bn). In total,BlackRock is the European leader by far, with assets of EUR772.6bn,followed by Amundi (EUR357.3bn), and JP Morgan (EUR311.8bn).Inthe sector overall, the first nine months of the year have beendifficult. Assets under management did increase from EUR10.4trn toEUR10.7trn in the period, but this growth was driven primarily by theperformance of the underlying markets, which represented gains ofEUR204.455bn. Meanwhile, net inflows totalled only EUR5.9bn. In thismore vexed environment, Lipper points to the dynamism of the ETFsector, where assets have increased from EUR656.8bn as of the end ofDecember 2017 to EUR684bn nine months later. Net inflowsrepresented EUR33.5bn, while the markets made a negative contributionof EUR8.3bn.