Net sales of UCITS and AIFs totalled EUR25 billion in February, down from EUR142 billion in January, according to the European Fund and Asset Management Association’s (EFAMA) latest Investment Funds Industry Fact Sheet.
UCITS registered net sales of EUR11 billion, down from EUR126 billion in January.
Long-term UCITS (UCITS excluding money market funds) recorded net sales of EUR47 billion, up from EUR88 billion in January 2018.
Net sales of equity funds totalled EUR25 billion, down from EUR48 billion in January, while net sales of bond funds totalled EUR4 billion, down from EUR20 billion in January and net sales of multi-asset funds totalled EUR16 billion, down from EUR17 billion in January.
UCITS money market funds recorded net outflows of EUR35 billion, compared to net inflows of EUR38 billion in January, while AIFs recorded net sales of EUR13 billion, down from EUR16 billion in January.
Total net assets of UCITS and AIFs fell by 1.6 per cent in February to EUR15,678 billion, compared to EUR15,926 billion at end January.
Bernard Delbecque (pictured), Director of Economics and Research at EFAMA, says: “The turmoil on the markets in February had a strong impact on UCITS bond funds, which saw their net sales falling sharply, whereas investor demand for UCITS equity funds remained relatively strong.“