EFAMA marks small rise in UCITS 22 August 2014Brussels Reporter: Catherine Van de Stouwe
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The latest figures for net sales of UCITS and non-UCITS for June 2014 have been released by the European Fund and Asset Management Association.
Net sales of UCITS fell to €22 billion from €43 billion in May due to a decline in net sales of long-term funds and increased net outflows from money market funds.
Long-term UCITS registered net inflows also had a decrease, moving from €48 billion in May to €37 billion.
Both net sales of bonds and net sales of equity funds fell to €13 billion and €2 billion respectively.
Money market fund registered an increase in net outflows, leaping to €15 billion from €5 billion.
Total non-UCITS net sales reduced slightly to €8 billion and the over all total of net assets of UCITS stood at €7.525 billion, representing a 1.1 percent increase during the month.
Bernard Delbecque, director of economics and research, said: “Net sales of long-time UCITS declined in June on the back of mixed economic data and heightened geopolitical tensions.”
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