The European mutual fund industry enjoyed overall net inflows of €38.1 billion ($51.02 billion) into long- term mutual funds during June 2014, according to new data from , the research organisation.

Lipper’s latest snapshot showed that roughly half of these flows were gathered by bond funds, at €19.2 billion, followed by mixed asset products at €12.1 billion and equity funds at €6.0 billion.

The data suggests that the positive trend in June was reflected in other asset flows including: property products (+0.8 billion) and alternative/hedge fund inflows (+€0.5 billion).

According to the report, commodity funds (-€0.01 billion) and funds from the “other” peer group (-€0.5 billion) suffered net outflows, however.

The data shows single fund market flows for long-term funds with the highest positive inflows in June include: Italy (+€4.3 billion), UK (+3 billion) and Spain (+€3 billion). Meanwhile, Norway (-€1.2 billion), Belgium (-€0.7 billion) and the Netherlands (-€0.6 billion) suffered net outflows.

BlackRock with positive net sales of €2.7 billion was the best selling group of long-term funds for May, followed by UBS and Woodford Investment, both with €2.1 billion.

According to Lipper, provisional figures for Luxembourg-domiciled and Ireland- domiciled funds show that mixed asset funds, with estimated net inflows of around €9.3 billion, followed by equity funds with €7.2 billion, will be the best selling products for July 2014.