Demand for bond and balanced funds pushes weak Ucits market

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Sales of long-term Ucits bond and balanced funds have improved throughout an overall weak market  in September, according to the latest Investment Funds Industry Fact sheet published by European Fund and Asset Management Association (EFAMA).

Net sales of Ucits dropped to €14bn in September from €41bn in August due to  a turnaround in net flows to money market funds during the month, while total net assets stood at €7,864bn at end September 2014, representing a 0.8% increase during the month.

Meanwhile, long-term Ucits excluding money market funds posted net inflows of €28bn, however, this marked of a decline of the €32bn inflows in August.

Net flows into equity funds turned negative for the first time since June 2013, posting net outflows of €6bn compared to net inflows of €2bn in August.

Bernard Delbecque, director of Economics and Research at EFAMA commented: “Despite net outflows from equity funds, net sales of long-term Ucits remained robust in September thanks to sustained demand for bond funds and rising demand for balanced funds.”


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