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Strong net sales of UCITS and AIFs in June push total net assets higher

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Net sales of UCITS and AIFs totalled EUR75 billion, up from EUR64 billion in May 2021, according to the latest monthly Investment Fund Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA).

UCITS recorded net inflows of EUR60 billion, compared to EUR55 billion in May 2021, with long-term UCITS (UCITS excluding money market funds) recording EUR72 billion of net sales, up from EUR64 billion in May 2021.

Equity funds meanwhile, recorded net sales of EUR38 billion, up from 29 billion in May 2021, while bond funds registered net inflows of EUR13 billion, compared to EUR15 billion in May 2021, and multi-asset funds recorded the same level of net inflows as in May (EUR17 billion).

UCITS money market funds recorded net outflows of EUR12 billion, compared to net outflows of EUR8 billion in May 2021.
 
AIFs registered net inflows of EUR15 billion, compared to EUR8 billion in May 2021.

The total net assets of UCITS and AIFs increased by 2.2 per cent to EUR20,477 billion.

Bernard Delbecque, Senior Director for Economics and Research at EFAMA, says: “Despite the rapid spread of the Delta variant, net sales of equity UCITS remained strong in June, supported by investor trust in the effectiveness of the Covid-19 vaccination campaign and the strength of the economic recovery.”

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