EFAMA: Net Sales Of Equity UCITS Hit Record In November

Jan 30 2018 | 10:42pm ET

Booming investor confidence drove net sales of equity-oriented UCITS funds to a record in November, according to the most recent data from the European Fund and Asset Management Association (EFAMA), as total UCITS/AIF assets reached €15.66 trillion.

The association’s Investment Funds Industry Fact Sheet provides net sales data for UCITS and AIF funds. 27 associations representing nearly 90% of total UCITS and AIF assets provided sales data for the November report.

Key highlights of the November 2017 period:

  • Net sales of UCITS and AIF totaled €68 billion, down from €84 billion in October. 
  • UCITS registered net sales of €59 billion, down from €75 billion in October.
  • Long-term UCITS (UCITS excluding money market funds) recorded net sales of €60 billion, up from €57 billion in October. 
  • Net sales of equity funds totaled €25 billion, up from €12 billion in October.
  • Net sales of bond funds totaled €28 billion, up from €26 billion in October.
  • Net sales of multi-asset funds totaled €18 billion, up from €16 billion in October.
  • UCITS money market funds saw a reversal in flows, decreasing from net inflows of €19 billion in October to net outflows of €1 billion in November.
  • AIF recorded net sales of €9 billion, up from €8 billion in October. 
  • Total net assets of UCITS and AIF totaled €15,660 billion at end November, compared to €15,661 billion at end October and €14,190 billion at end 2016.

“Net sales of UCITS equity funds surged to a record level in November, confirming investor confidence in the global outlook,” 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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