EFAMA: Reassuring macro drivers led to greater demand for bonds and equity funds in June

27 August 2019

The EFAMA has published its latest Investment Fund Industry Fact Sheet, which provides net sales of UCITS and AIFs for June 2019. 29 associations representing 98 percent of total UCITS and AIF assets provided their net sales data.

The main developments in June 2019 can be summarized as follows:

• Net sales of UCITS and AIFs totaled EUR 23 billion, up from EUR 12 billion in May.
• UCITS registered net inflows of EUR 7 billion, up from EUR 1 billion in May.
  • Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR 19 billion, compared to net outflows of EUR 2 billion in May.
    • Equity funds registered net outflows of EUR 1 billion, compared to net outflows of EUR 22 billion in May.
    • Net sales of bond funds increased to EUR 27 billion, up from EUR 23 billion in May.
    • Multi-asset funds recorded net outflows of EUR 6 billion, compared to net outflows of EUR 2 billion in May.
  • UCITS money market funds recorded net outflows of EUR 12 billion, compared to net inflows of EUR 3 billion in May.
• AIFs registered net inflows of EUR 17 billion, up from EUR 12 billion in May.
• Total net assets of UCITS and AIFs increased by 2.1% to EUR 16,599 billion.

Bernard Delbecque, Senior Director for Economics and Research commented: “Rising expectations of global monetary policy loosening and easing trade tensions led to a stronger demand for bond funds and a rebound in equity funds net sales in June”.

Press release

Fact sheet

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