Efama: Ucits inflows recover as bonds remain favourite
Inflows into Ucits funds recovered throughout April, following a weak first quarter, according to the latest data presented by European Fund and Asset Management Association (Efama).
Net inflows into Ucits and AIFMD compliant funds increased to €65bn, up from €26bn in March, while net inflows into Ucits funds alone amounted to €44 billion, representing a significant improvement from the €8bn recorded in March.
According to Efama data, the recent improvement was mainly driven by stronger demand for fixed income, money market and long-term funds, the latter attracted €33bn of net inflows in April, while net inflows into bond funds more than doubled to €24bn, compared to €11bn the previous month.
Meanwhile, equity funds continued to report outflows, although the pace of outflows slowed down somewhat, with -€0.8bn reported in April, compared to -€3.3bn the previous month.