DIVERSIFIED FINANCIALS : In the Flow

Research evidence excerpt

DIVERSIFIED FINANCIALS : In the Flow

EQUITIES

DIVERSIFIED FINANCIALS

In the Flow

Sector newsflow – two new partnerships, EMG buyback, Bain fundraising, Platform flows19 MAY 2026

Sector Research Report In this note we preview results for the week ahead and recap results released last week. In the

Production time: 08:57* (London time) newsflow section we talk about partnerships for Amundi and BlackRock. We also highlight Man

Research Analysts & Publishing Entities Group’s buyback, a strong fundraise by Bain for their latest Asia fund and trends for the UK advised

Arnaud Giblat platform industry in terms of flows through Q1.

BNP Paribas London Branch

(+44) 203 430 8513

arnaud.giblat@uk.bnpparibas.com Listed asset managers – A strong week for ETFs and Man Group AHL

ETF fund flows are demonstrating strong performance so far in May. Within our coverage, Amundi

Gregory Simpson and BlackRock are seeing inflows of +€2.0bn (+10% ann.) and +$19.4bn (+7% ann.) respectively.

(+44) 203 430 8548 The inflows of DWS are strong at +€2.9bn (+18% ann.), and those of Aberdeen are even stronger at

gregory.simpson@uk.bnpparibas.com +£0.3bn (36% ann.), mainly driven by its precious metal ETFs. In the mutual fund space, Man

Group's fixed income flows remain robust, with inflows of +$0.6 billion (+42% ann.), largely attributedNicolas Vaysselier

BNP Paribas London Branch to its credit funds. DWS's equity mutual funds appear to be showing their second consecutive month

(+44) 203 430 8600 of positive inflows. Its mixed allocation MFs are also showing positive inflows of +€0.5bn (+14%

nicolas.vaysselier@uk.bnpparibas.com

ann.). Elsewhere, we see Man AHL funds regaining momentum in terms of performance, with AHL

Tyler Kenyon Alpha almost tracking back to its peak level reached in Feb.