Strong July for UCITS
17 September 2014 Luxembourg
Image: Shutterstock
Net sales UCITS has risen to €59 billion for July 2014, according to the European Fund and Asset Management Association’s latest investment funds industry fact sheet.
The jump in net sales of UCITS from €22 billion in June 2014 is due to a turnaround in the net flows of money market funds.
Long term UCITS registered net inflows on €41 billion, up from €37 billion the previous month.
Net sales of equity funds rose by €10 billion from the previous month to €12 billion.
Bond funds also registered an increase in net sales to €17 billion from €13 billion, and balanced funds had a slight dip and attracted €15 billion for July, down from €18 billion in June.
Total non-UCTIS net sales increased to €16 billion due to net sales of special funds (funds reserved to institutional investors), which rose from €4 billion to €13 billion.
Total net assets of UCITS rose 1.2 percent to stand at €7.618 billion. Non-UCITS total net assets increased 1 percent to €3.043. Overall total net assets for the European investment fund industry stood at €10.661 billion at the end of July 2014.
A total 27 associations, representing 99.6 percent of total UCITS and non-UCITS assets, provided the net sales and/or net asset data.
The jump in net sales of UCITS from €22 billion in June 2014 is due to a turnaround in the net flows of money market funds.
Long term UCITS registered net inflows on €41 billion, up from €37 billion the previous month.
Net sales of equity funds rose by €10 billion from the previous month to €12 billion.
Bond funds also registered an increase in net sales to €17 billion from €13 billion, and balanced funds had a slight dip and attracted €15 billion for July, down from €18 billion in June.
Total non-UCTIS net sales increased to €16 billion due to net sales of special funds (funds reserved to institutional investors), which rose from €4 billion to €13 billion.
Total net assets of UCITS rose 1.2 percent to stand at €7.618 billion. Non-UCITS total net assets increased 1 percent to €3.043. Overall total net assets for the European investment fund industry stood at €10.661 billion at the end of July 2014.
A total 27 associations, representing 99.6 percent of total UCITS and non-UCITS assets, provided the net sales and/or net asset data.
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