EFAMA: An exceptional year for the European fund industry, with net assets of UCITS and AIF surpassing the EUR 15 trillion mark

26 February 2018

The European Fund and Asset Management Association has published its latest Investment Funds Industry Fact Sheet, which provides net sales of UCITS and non-UCITS for December 2017 and the entire year of 2017, as well as net assets data at end 2017.

The main developments in December 2017 in the reporting countries can be summarized as follows:

• Net sales of UCITS and AIF totaled EUR 28 billion, down from EUR 72 billion in November.
• UCITS registered net sales of EUR 29 billion, down from EUR 62 billion in November.
  • Long-term UCITS (UCITS excluding money market funds) recorded net sales of EUR 49 billion, down from EUR 63 billion in November.
    • Net sales of equity funds totaled EUR 15 billion, down from EUR 26 billion in November.
    • Net sales of bond funds totaled EUR 18 billion, down from EUR 29 billion in November.
    • Net sales of multi-asset funds totaled EUR 16 billion, down from EUR 20 billion in November.
    • Net sales of other UCITS recorded net inflows of EUR 0.9 billion, compared to net outflows of EUR 12 billion in November.
  • UCITS money market funds registered net outflows of EUR 21 billion, compared to net outflows of EUR 1 billion in November.
• AIF recorded net outflows of EUR 1 billion, compared to net inflows of EUR 10 billion in November.
• Total net assets of UCITS and AIF amounted to EUR 15,696 billion at end December, compared to EUR 15,658 billion at end November.

The main developments in 2017 can be summarized as follows:

• Net sales of UCITS and AIF reached EUR 937 billion in 2017 (EUR 457 billion in 2016).
• UCITS net sales amounted to EUR 736 billion (EUR 273 billion in 2016).
  • Long-term UCITS net sales totaled EUR 667 billion (EUR 163 billion in 2016).
    • Equity funds registered net inflows of EUR 157 billion (compared to net outflows of EUR 10 billion in 2016).
    • Bond funds registered net sales of EUR 314 billion (EUR 115 billion in 2016).
    • Multi-assets funds registered net sales of EUR 180 billion (EUR 41 billion in 2016).
    • Other UCITS registered net sales of EUR 16 billion (EUR 17 billion in 2016).
  • Money market funds registered net sales of EUR 69 billion (EUR 110 billion in 2016).
• AIF recorded net sales of EUR 201 billion (EUR 184 billion in 2016).
• Net assets of UCITS and AIF increased to EUR 15,696 billion (EUR 14,190 billion at end 2016).

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