UCITS and AIFs registered net outflows of EUR22 billion in September 2018, compared to net inflows of EUR20 billion in August, according to the European Fund and Asset Management Association’s (EFAMA) latest Investment Fund Industry Fact Sheet.
Long-term UCITS (UCITS excluding money market funds) recorded net outflows of EUR11 billion, compared to net inflows of EUR8 billion in August.
Equity funds registered inflows amounting to EUR4 billion in September, compared to EUR5 billion in August, while bond funds sales remained negative, with net outflows of EUR10 billion, compared to EUR2 billion in August. Multi-asset funds sales meanwhile, turned negative in September, with net outflows of EUR1 billion, compared to net inflows of EUR6 billion in August.
UCITS money market funds experienced net outflows of EUR21 billion, reflecting the cycle of net withdrawals observed in general at the end of each quarter.
Net sales of AIFs recorded net inflows of EUR9 billion, down from EUR18 billion in August, while total net assets of UCITS and AIFs increased by 0.1 per cent in September to EUR16,014 billion, compared to EUR15,992 billion at end August.
Bernard Delbecque (pictured), Senior Director for Economics and Research, says: “Demand for long-term UCITS fell in September in the face of mounting political and trade tensions and pressure on interest rates.”