Inflows to UCITS at €41bn in October, EFAMA

Net inflows to UCITS funds surged in October to €41bn, as all fund categories recorded net inflows, according to the latest data released by the European Fund and Asset Management Association (EFAMA).

This compares to net outflows of €10 billion recorded in September.
Long-term UCITS, excluding money market funds, jumped in October to €34bn, up from €13bn in September.

Net inflows into bond funds amounted to €25bn, marking a significant increase compared to September (€9bn).

Equity funds recorded net inflows of €3bn for the second successive month.
Balanced funds enjoyed increased net sales in October of €5bn, up from €2bn in September.

Net sales of money market funds returned to positive territory in October recording net inflows of €6bn, after registering net outflows in September of €23bn.

Total net sales of non-UCITS increased in October to €13bn, up from €4bn in September.

Special funds (funds reserved to institutional investors) registered a jump in net sales to €10bn, compared to €3bn in September.

Total net assets of UCITS increased 0.4% in October to €6,249bn, whilst non-UCITS net assets increased 0.3% in the month to stand at €2,479bn.

“The reduction in uncertainty regarding the future of the euro area, in an environment of gloomy growth prospects and subdued inflation, supported the net sales of bond funds in October. At the same time, the demand for equity funds remained modest, suggesting that investors stay very sensitive to stock market risk,” said Bernard Delbecque, director of economics and research.

 

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