06 September 2013

EFAMA: Long-term UCITS continue to register strong net inflows of €65 billion in Q2 2013

The main highlights of the report can be summarised as follows:

• UCITS recorded net inflows of €12 billion in the second quarter of 2013, down from the record net inflows of €132 billion recorded in the first quarter of the year.  This drop can be attributable to a large increase in net outflows from money market funds and a reduction in net inflows into long-term funds, as investors’ expectations of increased interest rates rise.
• Long-term UCITS, i.e. UCITS excluding money market funds, continued to register strong net inflows (€65 billion), albeit down from €134 billion in the previous quarter.
  • Equity funds experienced a turnaround in net flows to register outflows of €8 billion, compared to net inflows in the first quarter of €44 billion. 
  • Bond funds attracted net inflows of €30 billion during the quarter, down from €44 billion. 
  • Balanced funds registered another quarter of strong net sales (€28 billion), albeit down from €36 billion in previous quarter.
• Money market funds recorded a large rise in net outflows to €53 billion in the second quarter, up from €2 billion recorded in the previous quarter.
• Combined assets of UCITS and non-UCITS decreased 1.7 per cent in the second quarter to stand at €9,232 billion at end June 2013. Nevertheless, since end 2012 total net assets of UCITS and non-UCITS have increased 3.2 per cent.  Net assets of UCITS stood at €6,488 billion, whilst non-UCITS net assets amounted to €2,744 billion.
• Overall in the first half of 2013, UCITS recorded net inflows of €144 billion, driven by net sales of bond funds (€74 billion), balanced funds (€64 billion) and equity funds (€36 billion). This marks a significant increase to the first half of 2012 when net inflows totaled €98 billion. 

Press release

Statistical release

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