Demand for long term Ucits slowed down in April

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Long term Ucits continued to register large net inflows (€66bn), however lower than in March (€71bn). Bond funds posted reduced net sales of €22bn compared to €26bn March.

Net sales of Ucits increased to €83bn in April, up from €69bn in March, as all fund categories attracted net new money during the month, according to the report.

These are the main results highlighted by the European Fund and Asset Management Association (Efama)’s latest Investment Funds Industry Fact Sheet, which provides net sales of Ucits and non-Ucits for April 2015.

27 associations representing more than 99.6% of total Ucits and non-Ucits assets at end April 2015 provided us with net sales and/or net assets data.

Equity funds experienced a turnaround in net flows to register inflows of €6bn, against net outflows of €3bn in March. Balanced funds registered net inflows of €29bn, down from €39bn in March.

Money market funds registered a turnaround in net sales in March to post net inflows of €16bn, compared to net outflows of €2bn in March.

Bernard Delbecque, director of Economics and Research, commented:Demand for long term Ucits remained robust in April as the economic outlook for Europe improved following the launch of quantitative easing by the ECB.”

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