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Sharp fall of UCITS net sales during the second quarter of 2015

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UCITS net sales fell to EUR114 billion in Q2 2015, down from EUR283 billion in the first quarter, according to The European Fund and Asset Management Association (EFAMA) has today published its latest quarterly statistical release.

Long-term UCITS, i.e. UCITS excluding money market funds, attracted net inflows of EUR144 billion, down from EUR236 billion in the first quarter.  The three main types of long-term UCITS recorded lower net sales during the quarter. 
 
Equity funds recorded net sales of EUR22 billion, down from EUR43 billion, while bond funds recorded net sales of EUR32 billion, down from EUR79 billion, and ulti-asset funds recorded net sales of EUR72 billion, down from EUR101 billion. 
 
UCITS net sales totalled EUR397 billion during the first half of 2015, up from the EUR274 billion in January-June 2014. 
 
Long-term UCITS have also increased during the first half of this year to EUR380 billion from the EUR282 billion during this period last year. 
 
Money market funds registered a turnaround in net sales to post net outflows of EUR30 billion in the second quarter, against net inflows of EUR47 billion recorded in the first quarter.
 
AIF net sales increased to EUR48 billion in the second quarter, up from EUR18 billion in the first quarter.
This increase in net sales was mainly due to a turnaround in net sales of equity funds to net inflows of EUR4 billion compared to net outflows of EUR13 billion in the first quarter. 
 
Net sales of multi-assets also increased to EUR32 billion, up from EUR22 billion in the first quarter. 
 
Institutional net sales declined to EUR38 billion, down from EUR54 billion in the first quarter.
 
European investment fund assets decreased 0.8 per cent during the second quarter of 2015 to stand at EUR12,632 billion at end June 2015. Net assets of UCITS declined by 0.9 per cent to stand at EUR8,167 billion at end June 2015, whilst total net assets of AIFs declined by 0.8 per cent to stand at EUR4,455 billion at quarter end.

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