EFAMA: Strong net outflows from UCITS and AIFs, net inflows into SFDR Article 9 UCITS
02 December 2022
EFAMA has today published its European Quarterly Statistical Release for Q3 of 2022... This Release presents for the first time data on the net sales and net assets of SFDR Article 8 and 9 UCITS.
Bernard Delbecque, Senior Director for Economics and Research at EFAMA, commented: “UCITS
and AIFs suffered a level of net outflows (EUR 137 billion) not seen
since Q4 2008. A combination of different factors, including high
inflation, fears about the outlook for interest rates, and recession
risks dampened investor confidence over the summer. Despite these
difficult circumstances, demand for SFDR Article 9 funds remained
sustained in Q3 2022, leading to an estimated total net sales of EUR 32
billion in the period from January to September 2022.”
The main developments through the quarter are as follows:
- Net assets of UCITS and AIFs declined by 2.4%, ending the quarter slightly below EUR 19 trillion.
- Net outflows from UCITS and AIFs reached EUR 137 billion.
- Most of the
main categories of funds recorded net outflows over the quarter; only
other AIFs, which are mainly alternative funds such as private equity or
infrastructure, continued to post positive net sales.
- SFDR
Article 9 UCITS attracted estimated net inflows of EUR 14 billion,
whereas Article 8 UCITS continued to record net outflows.
- Net acquisitions of investment funds by European households remained positive during the first half of 2022.
full paper
EFAMA
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