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Net inflows to European Ucits funds rise to EUR70bn in Q3

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Net inflows to European Ucits funds rose to EUR70bn in the third quarter, up from EUR30bn in the second quarter, according to statistics from the European Fund and Asset Management Association.

 

This represents the third quarter on a row of positive net inflows, and confirms the turnaround in net sales of Ucits funds that started in the first quarter of 2009.

Long-term Ucits funds – those excluding money market funds – benefited from net inflows of EUR79bn in the third quarter, compared to net inflows of EUR55bn in the second quarter and net outflows of EUR30bn in the first quarter.
 
In the period from January to September 2009, total net sales of Ucits reached EUR122bn. Low short-term interest rates and stock valuations, in conjunction with stronger-than-expected GDP growth and a high concentration of financial assets held in bank deposits, contributed to this development.
                                                                    
Total net assets of Ucits funds increased by 7.7 per cent in the third quarter to reach EUR5,157bn at the end of September 2009.

Equity funds experienced the highest asset increase at EUR197bn or 15 per cent. Balanced and bond funds saw their assets increase by nine per cent and eight per cent respectively. 

Since the end of 2008, total assets of Ucits have risen by 13.5 per cent, or EUR615bn.
 
The combined assets of the investment fund market in Europe (Ucits and non-Ucits) increased by 7.2 per cent in the third quarter to reach EUR6,840bn at end September 2009. Since the end of 2008, the European investment fund industry saw its assets rise by 12.4 per cent, or EUR752bn.

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