European investors favoured multi-asset and MM in November
European investors favoured money market and multi-asset funds over bond funds in November, the latest Investment Funds Industry Fact Sheet by Efama has revealed.
Multi-asset funds finished the quarter with net sales of €10bn, up from €8bn in October. While Ucits money market funds experienced an increase in net inflows to €28bn, from €23bn registered in October.
Both equity funds and bond funds saw outflows in November of €2bn and €1.7bn compared to the previous month.
Net sales of Ucits increased to €55bn, up from €51bn in October. The increase in Ucits net sales can be attributed to a rise in net inflows into money market funds.
Long-term Ucits, which exclude money market funds, registered net sales of €27bn, down from €28bn in October.
Bernard Delbecque, Director of Economics and Research at Efama, commented: “Net sales of Ucits remained sustained in November, which suggests that investors were still confident about economic outlook late last year.”