Absolute return has topped European fund flows for October, attracting €2.1bn for the month, while equity was the only asset class for the month that saw outflows losing €3.5bn, according to Thomson Reuters Lipper figures.
In total European funds saw €4.4bn of inflows.
Emerging market bonds and equities were the next most popular sectors attracting €1.9bn each.
The best selling asset class was multi asset with €4.6bn inflows, followed by bond funds (€2.7bn) and real estate funds (€200m).
Luxembourg was the single domicile with the largest outflows losing €4.1bn over the month, while France landed €27.8bn, driven mostly by money market products. Ireland saw the next highest inflows at €4.4bn.
French asset manager Amundi topped inflows on a firm level attracting €8.6bn of net flows.
The Aviva Investors Multi-Strategy Target Return 8 fund enjoyed the best net flows landing €1.1bn.