EFAMA: Net sales of UCITS increase for March 2019 28 June 2019Brussels Reporter: Jenna Lomax
Image: Shutterstock
Net sales of UCITS and alternative investment funds (AIFs) totalled €43 billion, up from €6 billion in March, according to the European Fund and Asset Management Association (EFAMA).
EFAMA also found UCITS registered net inflows of €27 billion, up from €13 billion in March.
Long-term UCITS (UCITS excluding money market funds) recorded net inflows of €14 billion, down from €16 billion in March.
Equity funds registered net outflows of €13 billion, compared to net outflows of €23 billion in March, while net sales of AIFs turned positive in April, with net inflows of €17 billion, compared to net outflows of €8 billion in March.
Total net assets of UCITS and AIFs increased by 1.5 percent to €16,556 billion.
Bernard Delbecque, senior director for economics and research, commented: “Despite encouraging economic data and stock market gains, equity UCITS funds continued to suffer net outflows in April, which suggests that investors remained concerned about the global economic outlook.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shutterstock 