Investor sentiment was boosted by comments from Federal Reserve officials suggesting that inflationary pressures are continuing to ease, fuelling speculation of a possible rate cut later this year. Meawhile, the Bank of England is widely expected to keep rates unchanged at its upcoming meeting, though policymakers remain cautious amid persistent wage growth.

Nordic university and local authority funds continued their hunt for traditional balanced managers during the second quarter of the year, while other investors in the region sought diversification in illiquid alternatives.

HSBC Global Asset Management topped MandateWire’s manager league table in September, winning the most mandates among the European investors we surveyed during the month, while BlackRock attracted the highest net inflows.

HSBC Global Asset Management topped MandateWire’s manager league table in September, winning the most mandates among the European investors we surveyed during the month, while BlackRock attracted the highest net inflows.