UCITS funds post €36bn net inflows in November, EFAMA

UCITS funds registered net inflows of €36bn in November, compared to €41bn recorded in October, according to the latest figures published by the European Fund and Asset Management Association (EFAMA).

Taking into account 26 associations representing more than 99.6% of total UCITS and non-UCITS assets at end November 2012, EFAMA said long-term UCITS, excluding money market funds, net sales rose in November to €36bn from €34bn in October.

Net sales of equity funds amounted to €13bn, up from €3bn the previous month. Net inflows into bond funds amounted to €19bn, compared to €25bn in October.
Net sales of money market funds broke even in November after recording net inflows of €6bn in October.

Net sales of non-UCITS totalled €8bn, down from €13bn in October.
Total net assets of UCITS increased 1.1% in November to €6,316bn, whilst non-UCITS net assets increased 0.9% to stand at €2,502bn.

“Net inflows into bond funds remained the largest contributor to total net sales of UCITS in November. The substantial volume of net sales of equity funds was largely due to the transfer of some insurance company assets into UCITS,” said Bernard Delbecque, director of economics and research at EFAMA.

 

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