A Spanish fixed income fund has seen the largest inflows for Europe in the month of July, according to Thomson Reuters Lipper figures.
The Caixabank Rentas Euribor FI I fund saw €1.7bn (£1.5bn) net flows for the month.
It invests in Spanish government debt, including state agencies, guaranteed by the Spanish state or bonds linked to Eurozone inflation.
European bond funds saw €25.4bn of inflows in July, compared to outflows totalling €7.7bn over the same period. Overall flows across the region totalled €22bn.
Alternative Ucits products saw €4bn inflows, followed by multi-asset (€1.6bn), commodity products (€1bn) and real estate products (€100m).
Money market products faced net inflows of €8.8bn for July.
The Caixabank fixed income fund was followed by the Deutsche Asset Management multi-asset fund DWS FlexPension II 2031 for largest net inflows (€1.4bn).
AB FCP I-American Income Portfolio A USD, which primarily invests in US fixed income and limits high yield exposure to less than half of the portfolio, was the third most popular fund (€967.6m).
Ireland and France were the top countries for inflows over the period, both reaping €18bn, followed by Germany, which saw €3.2bn of inflows.
Luxembourg saw the highest net outflows (€5.5bn) followed by the UK (€2.3bn).
In June, European equity funds suffered €4.8bn of outflows after the UK’s vote to leave the European Union in the Brexit referendum unnerved investors.
Inflows for the month gathered towards bond, alternative Ucits, commodity, real estate products and other funds for a total of €2.6bn.