Alternative UCITS post record Q1 inflows
Alternative UCITS funds registered the best inflows into the sector with 7.3bn inflows, according to data released by MondoAlternative.
In its quarterly report, the firm said daily funds gathered the most in the first quarter, 6.1bn compared to 4bn in 2012, representing the 81.9% of the sector.
Global asset managers continued to run, being responsible for over 7bn billion of inflows in the first quarter.
Hedge fund boutiques registered inflows in the first quarter of 256m after a difficult fourth quarter in 2012. Their market share in terms of assets is reducing to 18.5%.
Stefano Gaspari, CEO at MondoAlternative said: “Concerning the flows in the alternative UCITS sector, the first quarter of 2013 was exceptionally good, and the winning strategy, as also in 2012, has been Fixed income absolute return, thanks to inflows equal to 4.8 Euro billion. The second strategy, as far as concerns asset raising in first quarter 2013, was the Credit long/short strategy, followed by the Long/short equity strategy”.
At the end of March, of the 499 alternative UCITS funds monitored by MondoAlternative, 337 are authorized for sale in Italy.
In Italy, 21 Asset management companies manage 37 single manager products and 9 funds of alternative UCITS funds, for a total AUM equal to 3.4bn, similar to the end of 2012.