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Long-term UCITS (UCITS excluding money market funds) registered net outflows of €3 billion, down from net inflows of EUR 39 billion in July.
Bond funds recorded net outflows of €12 billion, compared to net inflows of €4 billion in July.
Equity funds also saw net outflows (€3 billion compared from net inflows of €12 billion in July).
Net sales of balanced funds remained positive, totalling €8 billion compared to €18 billion in July.
Money market funds recorded net inflows of €12 billion, compared to €24 billion in July.
Total non-UCITS net sales amounted to €6.4 billion in August, down from €8 billion in July. Net sales of special funds (funds reserved to institutional investors) totalled €8.3 billion, up from €6.5 billion in July.
Net assets of UCITS and non-UCITS stood at €7,970 billion and €4,373 billion at end August 2015. Overall, total net assets of the European investment fund industry decreased by 2.5 percent in August to stand at €12,343 billion at end August 2015.
Bernard Delbecque, Director for Economics and Research at EFAMA commented: “Volatile markets triggered net outflows from equity and bond funds in August. However, total net sales of UCITS and non-UCITS remained positive, totalling €15 billion”