Net sales of UCITS and AIF totalled EUR142 billion in January 2018, down from EUR28 billion in the previous month according to the European Fund and Asset Management Association’s (EFAMA) latest Investment Funds Industry Fact Sheet.
UCITS registered net sales of EUR125 billion, markedly up from EUR29 billion in December 2017.
Long-term UCITS (UCITS excluding money market funds) recorded net sales of EUR88 billion, up from EUR49 billion in December 2017. Net sales of equity funds totalled EUR48 billion, up from EUR15 billion in December 2017, while net sales of bond funds totalled EUR20 billion, up from EUR18 billion in December 2017, and net sales of multi-asset funds totalled EUR17 billion, up from EUR16 billion in December 2017.
UCITS money market funds saw a reversal in flows, increasing from net outflows of EUR21 billion in December 2017 to net inflows of EUR38 billion in January 2018.
AIFs recorded net sales of EUR17 billion, up from sales close to zero in December 2017.
Total net assets of UCITS and AIF totalled EUR15,927 billion at end January 2018, compared to EUR15,696 billion at end December 2017.
Bernard Delbecque (pictured), Director of Economics and Research, says: “Net sales of UCITS surged to an all-time record level in January, as investors remained upbeat on equity markets through most of the month.”
