UCITS and AIF net sales fall by almost €100bn in August - EFAMA

Net sales of UCITS and AIF’s totalled €30bn in August, almost €100bn lower than the €124bn recorded in July 2020, according to the European Fund and Asset Management Association (EFAMA).

Furthermore, whilst the EFAMA data showed that net inflows had continued over the past month, with UCITS reporting net inflows of €25bn in August, this is less than a quarter of the €109bn inflows recorded in July 2020.

EFAMA senior director for economics and research, Bernard Delbecque, commented: “Thanks to positive news on the global economic recovery, long-term UCITS continued to record net inflows in August, albeit at a slower pace than during the previous four months.”

EFAMA’s latest monthly Investment Fund Industry Fact Sheet, which includes data from 29 associations across Europe, represents 98 per cent of total UCITS and AIF assets.

The latest fact sheet revealed that long-term UCITS also recorded net inflows of €37bn in August, although this again marked a fall from July, when long-term net inflows reached €50bn.

Equity funds meanwhile, recorded the same level of net sales as seen in July, €13bn, whilst net sales of bond funds amounted to €20bn, down from €22bn in the month prior. Multi-asset funds also recorded net inflows of just €2bn, less than a sixth of the €13bn recorded in July.

UCITS money market funds also reported net outflows of €12bn, compared to a total of €195bn in April-July, whilst AIFs recorded net inflows of €5bn, down from €15bn in July 2020. The total assets of UCITS and AIFs increased by 1.6 per cent in August, to €17,638bn.

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