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Wednesday 14 November 2018

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Autumn Conference

UCITS sales rise by €5bn - EFAMA

Written by Theo Andrew
04/07/18

Net sales of UCITS have risen by €5bn to €43bn in April, driven by equity and bond funds, the European Fund and Asset Management Association (EFAMA) has found.

The factsheet, which received data from 28 associations representing 98 per cent of all UCITS and AIF assets, showed that equity funds totalled €16bn, up from €14bn in March, while bond funds achieved net sales of €10bn in April, up from €3bn the previous month.

Despite this, the combined net sales of UCITS and alternative investment funds (AIFs) totalled €43bn, down from €47bn in March, due to a €3bn net outflow over the month, compared to a €9bn inflow in March.

Total net assets of UCITS and AIFs hit €15.8bn at the end of April, a slight uptick on the £15.6bn recorded at the end of March.

Overall, equity makes up 39 per cent of net assets by UCITS type, while 27 per cent is made up by bonds and 18 per cent multi-asset.

EFAMA, director of economics and research, Bernard Delbecque, said: “Net sales of equity and bond UCITS rebounded somewhat in April, which suggests investors remain cautiously optimistic despite uncertainties in the financial markets.”



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