EFAMA: Inflows Into Equity UCITS Funds Highest Since December 2015

Sep 29 2017 | 8:54pm ET

Equity-oriented UCITS funds attracted the highest level of net sales in nearly two years in July 2017, according to the most recent data from the European Fund and Asset Management Association (EFAMA), as total UCITS/AIF assets crested €15 trillion. 

The association’s Investment Funds Industry Fact Sheet provides net sales data for UCITS and AIF funds. 29 associations representing more than 99 percent of total UCITS and AIF assets provided sales data for the reports.

Key highlights from the July 2017 period: 

  • Net inflows into UCITS and AIF totaled €96 billion, compared to €65 billion in June.
  • Long-term UCITS (UCITS excluding money market funds) recorded net sales of €61 billion, compared to €66 billion in June.
  • Net sales of equity funds totaled €19 billion, up from €9 billion in June.
  • Net sales of bond funds totaled €29 billion, down from €36 billion in June.
  • Net sales of multi-asset funds totaled €11 billion, down from €19 billion in June.
  • UCITS money market funds registered net inflows of €22 billion, a reversal from net outflows of €33 billion in June.
  • AIF recorded net sales of €13 billion, down from the €32 billion recorded in June.

"For the third consecutive month, long-term UCITS witnessed net inflows exceeding €60 billion in July, with equity funds attracting a level of net sales not seen since December 2015," said Bernard Delbecque, senior director for Economics and Research at EFAMA, in a statement.

EFAMA is the representative association for the European investment management industry, representing 28 member associations and 62 corporate members and nearly €23 trillion in assets. The association tracked 31,200 UCITS-compliant funds and more than 28,300 AIF vehicles as of June 2017.

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