Ucits sales remained high in March, says Efama
Figures published by the European Fund and Asset Management Association point to continued strong sales of Ucits across the region in March.
Net sales of long-term Ucits, which excludes money market funds, was €41bn for a second consecutive month.
Bond fund net sales hit €15bn, up from €13bn the month before. Equity fund sales were €9bn versus €14bn in February. And Balanced fund sales increased slightly to €13bn from €11bn.
Money market funds saw net redemptions of €2bn, against net sales of €4bn in February.
Efama noted that net sales of both non-Ucits and special funds reserved for institutional investors increased through March, to €18bn from €12bn and to €15bn from €9bn respectively.
Total assets of Ucits stood at €6.697trn at the end of March, and increase of some 2.3% over the month. Total net assets including non-Ucits hit €9.341trn.
Peter de Proft, director general of Efama (pictured), said: “Despite renewed uncertainties caused by the bail-out package for Cyprus, total net sales of Ucits and non-Ucits remained in March at the same high level as in February, highlighting investor confidence about investment prospects.”
To view the Efama monthly factsheet, click here: [asset_library_tag 6646,Efama monthly fact sheet]