EFAMA saw decrease in net sales of UCITS and AIFs for November amid Omicron concerns
31 January 2022 Belgium
Image: L_Nuge
Net sales of UCITS and alternative investment funds (AIFs) totalled EUR €72 billion in November 2021, compared to €74 billion year-on-year, according to the European Fund and Asset Management Association (EFAMA).
The main reason for the decrease was due to concerns surrounding the COVID-19 Omicron variant, the association says.
The figures, published in EFAMA’s latest Investment Fund Industry Fact Sheet, provides net sales of UCITS and AIFs for the month of November 2021.
At that time, UCITS recorded net inflows of €79 billion, down from €109 billion for October 2021.
Net sales of longer UCITS (UCITS excluding money market funds) were the same in November 2021 and October 2021 — equalling €44 billion.
Equity funds recorded net sales of €14 billion in November 2021, down from €24 billion in October 2021, while net sales of multi-asset funds amounted to €13 billion, down from €15 billion across the same period.
In November 2021, UCITS money market funds recorded net inflows of €35 billion, compared to €66 billion in October 2021.
AIFs registered net outflows of €8 billion in November 2021, compared to net outflows of €36 billion in October 2021, while total net assets of UCITS and AIFs increased by 0.8 percent from October to November 2021 to €21.4 billion.
Bernard Delbecque, senior director for economics and research at EFAMA, comments: “Net sales of UCITS equity funds fell in November to their lowest level of 2021 amidst concerns about the COVID-19 Omicron variant and the monetary policy reaction to the surge of inflation.”
The main reason for the decrease was due to concerns surrounding the COVID-19 Omicron variant, the association says.
The figures, published in EFAMA’s latest Investment Fund Industry Fact Sheet, provides net sales of UCITS and AIFs for the month of November 2021.
At that time, UCITS recorded net inflows of €79 billion, down from €109 billion for October 2021.
Net sales of longer UCITS (UCITS excluding money market funds) were the same in November 2021 and October 2021 — equalling €44 billion.
Equity funds recorded net sales of €14 billion in November 2021, down from €24 billion in October 2021, while net sales of multi-asset funds amounted to €13 billion, down from €15 billion across the same period.
In November 2021, UCITS money market funds recorded net inflows of €35 billion, compared to €66 billion in October 2021.
AIFs registered net outflows of €8 billion in November 2021, compared to net outflows of €36 billion in October 2021, while total net assets of UCITS and AIFs increased by 0.8 percent from October to November 2021 to €21.4 billion.
Bernard Delbecque, senior director for economics and research at EFAMA, comments: “Net sales of UCITS equity funds fell in November to their lowest level of 2021 amidst concerns about the COVID-19 Omicron variant and the monetary policy reaction to the surge of inflation.”
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