UCITS and AIFs recorded net inflows of EUR28 billion in January, compared to net outflows of EUR11 billion in December, according to the European Fund and Asset Management Association’s (EFAMA) latest Investment Fund Industry Fact Sheet.
UCITS registered net inflows of EUR23 billion, compared to net outflows of EUR23 billion in December.
Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR6 billion, compared to net outflows of EUR27 billion in December. .
Equity funds registered net inflows of EUR0.2 billion, compared to net outflows of EUR9 billion in December, while Bond funds net sales turned positive in January, with net inflows of EUR13 billion, compared to net outflows of EUR5 billion in December. Multi-asset funds meanwhile, continued to record net outflows, albeit less strong than in December (EUR2 billion compared to EUR8 billion).
UCITS money market funds recorded net inflows of EUR17 billion, up from EUR4 billion in December. AIFs recorded net inflows of EUR5 billion, down from EUR12 billion in December, while total net assets of UCITS and AIFs totalled EUR15,759 billion at the end of January 2019, an increase of 3.6 per cent compared to the end of 2018.
Bernard Delbecque (pictured), Senior Director for Economics and Research, says: “Net sales of bond funds bounced back strongly in January, against the backdrop of slower economic outlook, little inflationary pressures and lower yields.”
