EFAMA records largest UCITS rise since 2006 03 September 2014Brussels Reporter: Catherine Van de Stouwe
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The European Fund and Asset Management Association has registered the largest long term UCITS inflow since Q1 2006.
The increase has pushed the net inflows to €152 billion, a high increase from €138 billion in Q1 2014.
On the decline for Q2 was bond funds, which reduced to €56 billion from €61 billion in the previous quarter, and net inflows to equity funds that fell by €3 billion to €24 billion.
UCITS net funds remained high at €130 billion and the combined assets of UCITS and non-UCITS increased 4.6 percent to €10,617 billion at the end of June. This means that since the end of 2013, total net assets of UCITS and non-UCITS have increased 8.4 percent.
Overall, UCITS recorded net inflows of €283 billion for the first half of 2014.
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