EFAMA sees dampened investor demand for UCITS 04 December 2018Brussels Reporter: Jenna Lomax
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UCITS and alternative investment funds (AIFs) recorded net sales of €40 billion in Q3 2018, according to the European Fund and Asset Management Association (EFAMA) latest quarterly statistical release.
In its Q3 results, the association also found equity, multi-asset funds and other funds registered net inflows of €17 billion, €20 billion and €27 billion, respectively.
UCITS registered net sales of €3 billion in Q3 2018, compared to €15 billion in Q2.
Long-term UCITS, (UCITS excluding money market funds), recorded net inflows of €16 billion in Q3.
During the first three quarters of 2018, UCITS and AIFs attracted net sales of €293 billion, compared to €759 billion in the same period of last year.
UCITS attracted €189 billion in net new money, compared to €570 billion during the first three quarters of 2017.
AIFs saw €104 billion in net new money, compared to €189 billion in the same period last year.
Bernard Delbecque, senior director for economics and research at EFAMA, commented: “Trade tensions, pressure on interest rate and political uncertainty in Italy continued to dampen investor demand for UCITS in Q3 2018.”
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