Net outflows for UCITS funds recorded in July 21 September 2018Brussels Reporter: Jenna Lomax
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UCITS and alternative investment funds (AIFs) recorded net inflows of €38 billion, compared to net outflows of €22 billion in June 2017, according to the European Fund and Asset Management Association.
The results, released in EFAMA’s latest Investment Fund Industry Fact Sheet, found long-term UCITS (UCITS excluding money market funds) recorded net inflows of €17 billion, compared to net outflows of €4 billion in June.
Net sales of equity funds registered net inflows of €9 billion, compared to net outflows of €3 billion in June.
Net sales of bond funds recorded net inflows of €4 billion, compared to net outflows of €6 billion in June.
Multi-asset funds continued to record net inflow (€5 billion), down from €7 billion in June.
UCITS money market funds registered net inflows of €14 billion, compared to net outflows of €21 billion in June.
Net sales of AIFs amounted to €7 billion, up from €3 billion in June.
Total net assets of UCITS and AIFs increased by 0.9 percent in July to €16 trillion, compared to €15.8 trillion at end June.
Bernard Delbecque, senior director for economics and research, commented: “Net sales of UCITS returned to positive territory in July, highlighting investor confidence in the resilience of markets.”
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