Net sales of UCITS and AIFs totalled EUR33 billion in October, up from EUR32 billion in September 2020, according to the latest European Fund and Asset Management Association (EFAMA) monthly Investment Fund Industry Fact Sheet.
Net sales of UCITS and AIFs totalled EUR33 billion in October, up from EUR32 billion in September 2020, according to the latest European Fund and Asset Management Association (EFAMA) monthly Investment Fund Industry Fact Sheet.
UCITS recorded net inflows of EUR31 billion, compared to EUR12 billion in September 2020, with long-term UCITS (excluding money market funds) recording net inflows of EUR22 billion, up from EUR19 billion in September 2020.
Equity funds meanwhile recorded net inflows of EUR4 billion, compared to EUR17 billion in September 2020, while net sales of bond funds amounted to EUR16 billion, up from EUR6 billion in September 2020.
Multi-asset funds saw net inflows of EUR2 billion, compared to net outflows of EUR2 billion in September 2020, while UCITS money market funds recorded net inflows of EUR9 billion, compared to net outflows of EUR7 billion in September 2020, and AIFs recorded net inflows of EUR2 billion, down from EUR19 billion in September 2020.
Total net assets of UCITS and AIFs decreased by 0.3 per cent to EUR17,602 billion.
Bernard Delbecque, Senior Director for Economics and Research, says: “Net sales of UCITS equity funds, although remaining positive, fell to a very low level in October against the backdrop of increases in Covid-19 cases and new lockdown measures.”
