Long-term Ucits net sales surge to €53bn in January – EFAMA

Net sales of long-term Ucits (Ucits excluding money market funds) increased substantially to record net inflows of €53bn, up from €35bn in December, according to data for January 2013 published by EFAMA.

The European Fund and Asset Management Association said Ucits experienced a jump in net inflows in January to €49bn, up from a €1bn increase recorded in December, reflecting a surge in net sales of long-term Ucits, and a reduction in net outflows from money market funds. Net sales of equity funds continued to rise to reach €21bn, compared with €14bn in December.

Bond funds recorded higher net inflows of €19bn, rising from €14bn in December. Balanced funds also saw greater inflows of €11bn from €7bn in December. Net outflows from money market funds fell to €5bn compared to €33bn in December.

Total non-Ucits recorded net sales of €17bn, down from €30bn of net inflows witnessed in December. Special funds (funds reserved for institutional investors) recorded reduced net inflows amounting to €15bn, compared to €27bn in December.

Total assets of Ucits stood at €6.39trn at end January 2013, representing a 0.7% increase since end December 2012. Total assets of non-Ucits enjoyed an increase of 0.3% in January to stand at €2.56trn at month end.

Bernard Delbecque, director of Economics and Research at EFAMA, noted a perceived reduction in global stock market uncertainty supported by stronger financial market confidence strengthened investor sentiment in January, led to the best month for net sales of long-term Ucits since EFAMA began collecting monthly data in October 2008.

EFAMA represents through its 26 member associations and 59 corporate members approximately €14trn in assets under management of which € 8.7trn was managed by approximately 54,000 funds at end September 2012. 35,600 of these funds were Ucits (Undertakings for Collective Investments in Transferable Securities) funds.

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