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Sunday 26 January 2020


Net sales of UCITS and AIFs dropped to €69bn in August – EFAMA

Written by Natalie Tuck

Net sales of UCITS and alternative investment funds (AIFs) totalled €69bn in August, lower than the €94bn recorded in July, according to the European Fund and Asset Management Association (EFAMA).

UCITS registered net inflows of €57bn, compared to €86bn in July. Long-term UCITS (UCITS excluding money market funds) recorded net inflows of €13bn, down from €40bn in July.

Equity funds registered net outflows of €18bn, compared to net outflows of €1bn in July. Net sales of bond funds decreased to €31bn, down from €39bn in July. Multi-asset funds recorded net inflows of €1bn, compared to €4bn in July. UCITS money market funds recorded net inflows of €44bn, compared to net inflows of €46bn in July.

AIFs registered net inflows of €12bn, up from €8bn in July. Total net assets of UCITS and AIFs increased by 0.5 per cent to €16,983bn.

Commenting, EFAMA senior director for economics and research Bernard Delbecque, said: “UCITS bond and money market funds continued to record strong net inflows in August, against the backdrop of renewed trade tensions between the US and China, global growth concerns and heightened risk aversion”.

Twenty-nine associations representing 98 per cent of total UCITS and AIF assets in Europe provided EFAMA with net sales data for the fact sheet.

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