Net sales of UCITS and AIFs totalled EUR108 billion in June 202, up from EUR84 billion in May, according to the latest monthly Investment Fund Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA).
UCITS recorded net inflows of EUR100 billion, compared to EUR78 billion in May 2020, with Long-term UCITS (UCITS excluding money market funds) recording net inflows of EUR52 billion, up from EUR46 billion in May 2020.
Net sales of equity funds meanwhile amounted to EUR17 billion, compared to EUR8 billion in May 2020, while bond funds recorded net inflows of EUR30 billion, down from EUR35 billion in May 2020, and multi-asset funds recorded net inflows of EUR3 billion, up from EUR2 billion in May 2020.
UCITS money market funds recorded net inflows of EUR48 billion, compared to EUR32 billion in May 2020, while AIFs recorded net inflows of EUR7 billion, compared to EUR6 billion in May 2020.
Bernard Delbecque, Senior Director for Economics and Research, says: “Investor confidence further strengthened in June, maintaining the good momentum built in April and May and bringing net sales of UCITS to the EUR100 billion mark. In a challenging economic environment globally, these positive sales figures are testament of UCITS’ strength as trusted investment products for retail and institutional investors.”