EFAMA: Net sales of UCITS equity funds return to positive territory

10 December 2019

The European Fund and Asset Management Association (EFAMA) has published its latest Investment Fund Industry Fact Sheet, which provides net sales of UCITS and AIFs for September 2019.

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

• Net sales of UCITS and AIFs totalled EUR 25 billion, down from EUR 69 billion in August.
• UCITS registered net inflows of EUR 13 billion, compared to EUR 57 billion in August.
  • Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR 32 billion, up from EUR 13 billion in August.
    • Equity funds registered net inflows of EUR 4 billion, compared to net outflows of EUR 18 billion in August.
    • Net sales of bond funds decreased to EUR 17 billion, down from EUR 31 billion in August.
    • Multi-asset funds recorded net inflows of EUR 9 billion, up from EUR 1 billion in August.
  • UCITS money market funds recorded net outflows of EUR 18 billion, compared to net inflows of EUR 44 billion in August.
• AIFs registered net inflows of EUR 11 billion, compared to EUR 12 billion in August.
• Total net assets of UCITS and AIFs increased by 1.4% to EUR 17,223 billion.

Bernard Delbecque, Senior Director for Economics and Research commented: “After seven consecutive months of net outflows, net sales of UCITS equity funds returned to positive territory in a context of further easing of monetary policy on both sides of the Atlantic.”

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