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 Lipper, 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.