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Bernard Delbecque, EFAMA

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EFAMA reports large net inflows into UCITS bond funds in March

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Net sales of UCITS and AIFs totalled EUR6 billion, down from EUR13 billion in February, with UCITS registering net inflows of EUR13 billion, up from EUR6 billion in February, according to the latest Investment Fund Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA).

Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR16 billion, up from EUR10 billion in February.

Equity funds registered net outflows of EUR23 billion, compared to net inflows of EUR4 billion in February, while net sales of bond funds increased from EUR43 billion, from EUR14 billion in February, and multi-asset funds recorded net outflows of EUR2 billion, compared to net inflows of EUR2 billion in February.

UCITS money market funds recorded net outflows of EUR2 billion, compared to net inflows of EUR4 billion in February.

Net sales of AIFs turned negative in March, with net outflows of EUR8 billion, compared to net inflows of EUR6 billion in February, while total net assets of UCITS and AIFs increased by 1.5 per cent to EUR16,308 billion.
 
Bernard Delbecque (pictured), Senior Director for Economics and Research, says: “Central banks’ move towards more dovish monetary policy in response to weaker global growth triggered an investment shift from equity funds towards bond funds in the UCITS market.”  

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