Net sales of UCITS and AIFs totalled EUR53 billion in August, down from EUR140 billion in July 2021, according to the latest monthly Investment Fund Industry Fact Sheet from European Fund and Asset Management Association (EFAMA).
UCITS recorded net inflows of EUR72 billion, compared to EUR107 billion in July 2021, with long-term UCITS (UCITS excluding money market funds) recording EUR61 billion of net sales, compared to EUR68 billion in July 2021.
Equity funds meanwhile, recorded net sales of EUR22 billion, down from EUR24 billion in July 2021, while bond funds registered net inflows of EUR19 billion, compared to EUR22 billion in July 2021.
Net sales of multi-asset funds amounted to EUR19 billion, slightly down from EUR0 billion in July 2021, while UCITS money market funds recorded net inflows of EUR11 billion, compared to EUR38 billion in June 2021, and AIFs registered net outflows of EUR19 billion, compared to net inflows of EUR33 billion in July 2021.
The total net assets of UCITS and AIFs increased by 2.7 per cent in August to EUR21,318 billion.
Bernard Delbecque, Senior Director for Economics and Research at EFAMA, says: “August saw net inflows into long-term UCITS rose above EUR60 billion for the 10th consecutive month, as investor confidence remained high and financial markets performed well. While sales slightly slowed down compared to July, total net assets continued to rise steadily to pass the EUR21- trillion mark”.