EFAMA: Investors remain cautious
22 October 2018 Brussels
Image: Shutterstock
Investors remained cautious in August with net sales of UCITS down to €2 billion, the European Fund and Asset Management Association (EFAMA)’s latest Investment Fund Industry Fact Sheet has revealed.
UCITS recorded net inflows of €2 billion, down from €31 billion in July, according to the findings.
The research revealed that net sales of August UCITS and Alternative investment funds (AIFs) totalled €20 billion, down from €38 billion in July.
Meanwhile, long-term UCITS (UCITS excluding money market funds) recorded net inflows of €8 billion, down from €17 billion in July.
According to EFAMA, net sales of equity funds registered €5 billion, which was down from €9 billion in July, while net sales of bond funds recorded net outflows of €1 billion, compared to net inflows of €4 billion in July.
Additionally, UCITS money market funds registered net outflows of €6 billion, compared to net inflows of €14 billion in July.
The findings also cited that net sales of AIFs amounted to €18 billion, which was up from €7 billion in July.
Total net assets of UCITS and AIFs decreased by 0.1 percent in August to €15.9 billion, compared to €16 billion at end July.
Bernard Delbecque, senior director for Economics and Research, commented: “Investors remained cautious in August, amidst geopolitical tensions, escalating trade tensions between US and China and falling emerging market currencies."
UCITS recorded net inflows of €2 billion, down from €31 billion in July, according to the findings.
The research revealed that net sales of August UCITS and Alternative investment funds (AIFs) totalled €20 billion, down from €38 billion in July.
Meanwhile, long-term UCITS (UCITS excluding money market funds) recorded net inflows of €8 billion, down from €17 billion in July.
According to EFAMA, net sales of equity funds registered €5 billion, which was down from €9 billion in July, while net sales of bond funds recorded net outflows of €1 billion, compared to net inflows of €4 billion in July.
Additionally, UCITS money market funds registered net outflows of €6 billion, compared to net inflows of €14 billion in July.
The findings also cited that net sales of AIFs amounted to €18 billion, which was up from €7 billion in July.
Total net assets of UCITS and AIFs decreased by 0.1 percent in August to €15.9 billion, compared to €16 billion at end July.
Bernard Delbecque, senior director for Economics and Research, commented: “Investors remained cautious in August, amidst geopolitical tensions, escalating trade tensions between US and China and falling emerging market currencies."
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