EFAMA: Demand for UCITS fell in September as investors remain cautious
26 November 2018 Brussels
Image: Shutterstock
UCITS and alternative investment funds (AIFs) registered net outflows of €22 billion in September, compared to net inflows of €20 billion in August, according to The European Fund and Asset Management Association (EFAMA).
The results were included in EFAMA’s latest Investment Fund Industry Fact Sheet, which provides net sales of UCITS and AIFs for September 2018.
For September, UCITS recorded net outflows of €32 billion, compared to inflows of €2 billion the previous month.
Long-term UCITS (UCITS excluding money market funds) recorded net outflows of €11 billion, an increase of €3 billion from August.
Equity funds increased €1 billion from August, registering inflows of €4 billion in September.
However, multi-asset funds sales turned negative in September, decreasing to €1 billion from August’s €6 billion total.
UCITS money market funds experienced net outflows of €21 billion, reflecting the cycle of net withdrawals observed in general at the end of each quarter.
Net sales of AIFs recorded net inflows of €9 billion, dropping 50 percent from its €18 billion total in August.
Total net assets of UCITS and AIFs increased by 0.1 percent in September to €16,014 billion, compared to €15,992 billion at end August.
Bernard Delbecque, senior director for economics and research, said: “Demand for long-term UCITS fell in September in the face of mounting political and trade tensions and pressure on interest rates.”
The results were included in EFAMA’s latest Investment Fund Industry Fact Sheet, which provides net sales of UCITS and AIFs for September 2018.
For September, UCITS recorded net outflows of €32 billion, compared to inflows of €2 billion the previous month.
Long-term UCITS (UCITS excluding money market funds) recorded net outflows of €11 billion, an increase of €3 billion from August.
Equity funds increased €1 billion from August, registering inflows of €4 billion in September.
However, multi-asset funds sales turned negative in September, decreasing to €1 billion from August’s €6 billion total.
UCITS money market funds experienced net outflows of €21 billion, reflecting the cycle of net withdrawals observed in general at the end of each quarter.
Net sales of AIFs recorded net inflows of €9 billion, dropping 50 percent from its €18 billion total in August.
Total net assets of UCITS and AIFs increased by 0.1 percent in September to €16,014 billion, compared to €15,992 billion at end August.
Bernard Delbecque, senior director for economics and research, said: “Demand for long-term UCITS fell in September in the face of mounting political and trade tensions and pressure on interest rates.”
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