Net sales of UCITS and AIFs nearly double in January 2020 – EFAMA

Written by Adam Cadle

20/03/2020

Net sales of UCITS and AIFs totalled €137bn, up from EUR €70bn in December 2019, according to the European Fund and Asset Management Association (EFAMA).

Publishing its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data of UCITS and AIFs for January 2020, EFAMA also revealed that UCITS recorded net inflows of €108bn, compared to €45bn in December 2019.

Long-term UCITS (UCITS excluding money market funds) recorded €60bn of net sales, similar to €62bn in December 2019. Equity funds registered net inflows of €17bn, compared to €26bn in December 2019. Net sales of bond funds increased to €30bn, up from €23bn in December 2019. Multi-asset funds recorded net inflows of €11bn, up from €10bn in December 2019.

In addition, UCITS money market funds recorded net inflows of €48bn, compared to net outflows of €18bn in December 2019. AIFs recorded net inflows of €29bn, up from €25bn in December 2019. Total net assets of UCITS and AIFs increased by 1.4% to €18,050bn.

Commenting, EFAMA senior director for economics and research, Bernard Delbecque, said: “January was another strong month for UCITS and AIFs, after the bounce back already experienced in the fourth quarter of last year. With the benefit of hindsight, the year 2020 will be marked by the coronavirus crisis and it will take time before net sales of UCITS reach again the high level recorded in January.”

This article was first published on our sister website European Pensions.

Related Articles