EFAMA sees dampened investor demand for UCITS
04 December 2018 Brussels
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UCITS and alternative investment funds (AIFs) recorded net sales of €40 billion in Q3 2018, according to the European Fund and Asset Management Association (EFAMA) latest quarterly statistical release.
In its Q3 results, the association also found equity, multi-asset funds and other funds registered net inflows of €17 billion, €20 billion and €27 billion, respectively.
UCITS registered net sales of €3 billion in Q3 2018, compared to €15 billion in Q2.
Long-term UCITS, (UCITS excluding money market funds), recorded net inflows of €16 billion in Q3.
During the first three quarters of 2018, UCITS and AIFs attracted net sales of €293 billion, compared to €759 billion in the same period of last year.
UCITS attracted €189 billion in net new money, compared to €570 billion during the first three quarters of 2017.
AIFs saw €104 billion in net new money, compared to €189 billion in the same period last year.
Bernard Delbecque, senior director for economics and research at EFAMA, commented: “Trade tensions, pressure on interest rate and political uncertainty in Italy continued to dampen investor demand for UCITS in Q3 2018.”
In its Q3 results, the association also found equity, multi-asset funds and other funds registered net inflows of €17 billion, €20 billion and €27 billion, respectively.
UCITS registered net sales of €3 billion in Q3 2018, compared to €15 billion in Q2.
Long-term UCITS, (UCITS excluding money market funds), recorded net inflows of €16 billion in Q3.
During the first three quarters of 2018, UCITS and AIFs attracted net sales of €293 billion, compared to €759 billion in the same period of last year.
UCITS attracted €189 billion in net new money, compared to €570 billion during the first three quarters of 2017.
AIFs saw €104 billion in net new money, compared to €189 billion in the same period last year.
Bernard Delbecque, senior director for economics and research at EFAMA, commented: “Trade tensions, pressure on interest rate and political uncertainty in Italy continued to dampen investor demand for UCITS in Q3 2018.”
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