Ucits fund flows slowed down in March

Net inflows to Ucits were of €34bn in March, down from €48bn in February, due to increased net outflows from money market funds, Efama’s Investment Funds Industry Fact Sheet has revealed.

Net sales of long-term Ucits remained high in March, standing at €47bn, Efama also said.

The report, which provides net sales of Ucits and non-Ucits for March 2014. polled 26 associations representing more than 99.6% of total assets at end March 2014.

The decrease of inflows into Ucits products was mainly due to strong outflows from money market funds, which saw nnet outflows in March of €13bn, up from €2bn in February.

Bond funds recorded increased net inflows totaling €25bn, slightly up from €24bn in February.

Balanced funds also enjoyed an increase in net sales to €16bn, up from €12bn in February.

Equity funds continued to experience positive net inflows in March, albeit at a slower pace (€6bn, down from €12bn in February).

Total assets of Ucits increased 0.6% in March to stand at €7,180bn, whilst total assets of non-Ucits increased by 0.7% to €2,908bn at month end.

Overall, total net assets of the European investment fund industry stood at €10,087bn at end March 2014.

Bernard Delbecque (pictured), director of Economics and Research commented:

“Demand for long-term Ucits remained high in March thanks to strong demand for bond funds in an environment of subdued inflationary pressures.”

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