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Long-term Ucits funds attract stable net inflows in October

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Long-term Ucits funds continued their rally into October with net inflows of EUR27bn, according to the latest Investment Fund Industry Fact Sheet published by the European Fund and Asset Management Association.

Equity, bond and balanced funds posted their seventh straight month of net positive inflows in October, as investors remained confident about stock markets and global growth prospects. 

In the period from January to October 2009, total net sales of Ucits and non-Ucits reached EUR159bn. 

Ucits flows bounced back into positive territory in October, registering net inflows of EUR8bn.

Inflows into long-term Ucits (Ucits excluding money market funds) increased to EUR27bn in October, compared to inflows of EUR21bn in September.

The net sales of equity, bond and balanced funds reached EUR8.2bn, EUR11.8bn and EUR7.0bn, respectively. On the other hand, there were net withdrawals of EUR18bn from money market funds as investors continued to search for higher return investments.

Net inflows to special funds reserved to institutional investors slowed down to EUR1bn in October, compared to EUR8bn in September.

Total assets of Ucits and non-Ucits decreased by 0.2 per cent in October due to a decline in stock market prices.

Twenty three national fund and asset management associations, representing more than 97 per cent of total Ucits and non-Ucits assets at the end of October 2009, provided Efama with net fund product sales and/or net assets data.

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