13/01/2012
By Adam Cadle
Ucits funds registered decreased net outflows in November of € 9bn, down from net outflows of €30bn in October according to the latest Investment Fund Industry Fact Sheet published by the European Fund and Asset Management Association (Efama).
The statistics showed that the reduction in net outflows was directly attributable to strong net inflows into money market funds during November as investors increasingly turn their attention to low risk investment strategies.
According to the data, net outflows from equity funds doubled from €8bn to €16bn and bond funds also saw a net outflow increase to €11bn from €5bn between the months of October and November.
In comparison, money market funds recorded net inflows of €20bn compared to net outflows of €10bn in October. Furthermore, total non-Ucits net sales increased to €11bn from €7bn as the popularity of investment in special funds increased. Total assets of Ucits decreased by 1.2 per cent in November to finish at a level of €5,425bn.
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