Net sales of UCITS and AIFs totalled EUR 25 billion in September, down from EUR 69 billion in August, according to the latest Investment Fund Industry Fact Sheet from The European Fund and Asset Management Association (EFAMA).
UCITS, meanwhile, registered net inflows of EUR 13 billion, compared to EUR57 billion in August. Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR 32 billion, up from EUR 13 billion in August.
Equity funds registered net inflows of EUR 4 billion, compared to net outflows of EUR 18 billion in Augustm while Net sales of bond funds decreased to EUR 17 billion, down from EUR 31 billion in August, and Multi-asset funds recorded net inflows of EUR 9 billion, up from EUR 1 billion in August.
UCITS money market funds recorded net outflows of EUR 18 billion, compared to net inflows of EUR 44 billion in August.
AIFs registered net inflows of EUR 11 billion, compared to EUR 12 billion in August, while total net assets of UCITS and AIFs increased by 1.4 per cent to EUR 17,223 billion.
Bernard Delbecque (pictured), Senior Director for Economics and Research, says: “After seven consecutive months of net outflows, net sales of UCITS equity funds returned to positive territory in a context of further easing of monetary policy on both sides of the Atlantic.”.
