Net sales of UCITS and AIFs totalled EUR47 billion in March 2018, up from EUR25 billion in February, according to the latest Investment Funds Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA).
UCITS registered net sales of EUR38 billion, up from EUR11 billion in February.
Long-term UCITS (UCITS excluding money market funds) recorded net sales of EUR42 billion, down from EUR47 billion in February.
Net sales of equity funds totalled EUR14 billion, down from EUR25 billion in February, while net sales of bond funds totalled EUR3 billion, down from EUR4 billion in February, and net sales of multi-asset funds totalled EUR24 billion, up from EUR16 billion in February.
UCITS money market funds registered net outflows of EUR5 billion, compared to net outflows of EUR35 billion recorded in February.
AIFs recorded net sales of EUR9 billion, down from EUR13 billion in February.
Total net assets of UCITS and AIFs totalled EUR15,606 billion at end March, compared to EUR15,682 billion at end February.
Bernard Delbecque (pictured), Director of Economics and Research, says: “Against the background of continuing uncertainty in financial markets, investors reduced their net sales of equity and bond funds in March to the benefit of multi-asset funds.”
