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Bernard Delbecque, EFAMA

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Investors’ concerns over global economic outlook impairs equity funds sales in April, says EFAMA

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Net sales of UCITS and AIFs totalled EUR43 billion in APril, up from EUR6 billion in March, with UCITS registering net inflows of EUR27 billion, up from EUR13 billion in March, 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 EUR14 billion, down from EUR16 billion in March.   

Equity funds meanwhile registered net outflows of EUR13 billion, compared to net outflows of EUR23 billion in March, while Net sales of bond funds dropped to EUR25 billion, down from EUR43 billion in March, and multi-asset funds recorded net inflows of EUR4 billion, compared to net outflows of EUR2 billion in March. 

UCITS money market funds recorded net inflows of EUR13 billion, compared to net outflows of EUR2 billion in March.

Net sales of AIFs turned positive in April, with net inflows of EUR17 billion, compared to net outflows of EUR8 billion in March, while yotal net assets of UCITS and AIFs increased by 1.5 per cent to EUR16,556 billion.
 
Bernard Delbecque (pictured), Senior Director for Economics and Research, says: “Despite encouraging economic data and stock market gains, equity UCITS funds continued to suffer net outflows in April, which suggests that investors remained concerned about the global economic outlook.”  
 

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