UCITS funds post strong February inflows, EFAMA

UCITS continued to attract strong net inflows in February of 44bn, marking a slight reduction from the 49bn recorded in January and all fund categories registered net inflows in February, according to the latest data released by the European Fund and Asset Management Association (EFAMA).

Long-term UCITS registered large net inflows amounting to  41bn, a modest decrease from January’s record net inflows of  53bn.

Net sales of equity funds registered  14bn, compared to  21bn in January.  Bond funds also recorded reduced net sales of  13bn, down from  20bn in January.

Balanced fund net sales remained flat in February at  11bn.

Money market funds experienced a turnaround in net sales in February to register net inflows of  4bn, compared to net outflows of  5bn billion recorded in January. Total non-UCITS recorded net sales of  12bn, down from  17bn in January. 

Total assets of UCITS stood at  6,547bn at end February 2013, representing a 2.4% increase since end January 2013.  Total assets of non-UCITS enjoyed an increase of 1.5% in January to stand at  2,595bn at month end. Overall, total net assets of the European investment fund industry stood at  9,142bn at end February 2013.

Bernard Delbecque, director of economics and research at EFAMA, commented: “Improvements in financial markets continued to boost investor sentiment in February which contributed to strong net inflows into UCITS and pushed net assets of European investment funds above the EUR 9 trillion mark for the first time.”

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