EFAMA sees drop in net sales of UCITS and AIFs 05 November 2019Brussels Reporter: Jenna Lomax
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Net sales of UCITS and alternative investment funds (AIFs) totalled €69 billion, down from €94 billion in July, according to the European Fund and Asset Management Association (EFAMA).
The figures, published in EFAMA’s latest Investment Fund Industry Fact Sheet, provide net sales of UCITS and AIFs for August 2019.
UCITS registered net inflows of €57 billion, compared to €86 billion in July while long-term UCITS (UCITS excluding money market funds) recorded net inflows of €13 billion, down from €40 billion in July.
Equity funds registered net outflows of €18 billion, compared to net outflows of €1 billion in July.
Meanwhile, multi-asset funds recorded net inflows of €1 billion, dropping from €4 billion in July.
UCITS money market funds recorded net inflows of €44 billion, compared to net inflows of €46 billion in July.
AIFs registered net inflows of €12 billion, up from €8 billion in July, while total net assets of UCITS and AIFs increased by 0.5 percent to €16,983 billion.
Bernard Delbecque, senior director for economics and research at EFAMA, commented: “UCITS bond and money market funds continued to record strong net inflows in August, against the backdrop of renewed trade tensions between the US and China, global growth concerns and heightened risk aversion.”
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