EFAMA: Net assets of UCITS declined in February
26 April 2019 Brussels
Image: Shutterstock
Net sales of UCITS and alternative investment funds (AIFs) totalled €13 billion in February 2019, down from €28 billion in January, according to the European Fund and Asset Management Association (EFAMA).
UCITS registered net inflows of €6 billion for the same period, down from €23 billion in January, while long-term UCITS (UCITS excluding money market funds) recorded net inflows of €10 billion, up from €6 billion in January.
Equity funds registered net outflows of €4 billion, compared to net inflows of €0.2 billion in January.
Multi-asset funds sales turned positive in February, with net inflows of €2 billion, compared to net outflows of €2 billion in January.
UCITS money market funds recorded net outflows of €4 billion, compared to net inflows of €17 billion in January.
AIFs recorded net inflows of €6 billion, up from €5 billion in January, while total net assets of UCITS and AIFs increased by 1.7 percent to €16,030 billion.
Some 29 associations representing 98 percent of total UCITS and AIF assets provided the net sales data.
Bernard Delbecque, senior director for economics and research at EFAMA, commented: “Net total assets of UCITS and AIFs crossed again the 16 trillion-euro mark in February, following the robust recovery in world capital markets since the beginning of the year.”
UCITS registered net inflows of €6 billion for the same period, down from €23 billion in January, while long-term UCITS (UCITS excluding money market funds) recorded net inflows of €10 billion, up from €6 billion in January.
Equity funds registered net outflows of €4 billion, compared to net inflows of €0.2 billion in January.
Multi-asset funds sales turned positive in February, with net inflows of €2 billion, compared to net outflows of €2 billion in January.
UCITS money market funds recorded net outflows of €4 billion, compared to net inflows of €17 billion in January.
AIFs recorded net inflows of €6 billion, up from €5 billion in January, while total net assets of UCITS and AIFs increased by 1.7 percent to €16,030 billion.
Some 29 associations representing 98 percent of total UCITS and AIF assets provided the net sales data.
Bernard Delbecque, senior director for economics and research at EFAMA, commented: “Net total assets of UCITS and AIFs crossed again the 16 trillion-euro mark in February, following the robust recovery in world capital markets since the beginning of the year.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
