Ucits sales plummet in Q12016

Ucis funds recorded a sharp decline of net sales, from €122bn in the last quarter of 2015 to net outflows of €5.bn during Q12016, according to the latest data provided by European Fund and Asset Management Association (Efama).

Equity funds reported the biggest losses compared to the previous quarter, with net sales shrinking from €57bn to -€3bn, while bond fund sales remained weak, at -€9bn. Net sales of multi-asset funds fell from €31bn to €6bn. Money market fund sales also declined from €39bn to -€2bn quarter on quarter.

In terms of regional distribution, no major domiciles recorded positive quarterly growth in net assets of Ucitd in Q1 2016. The UK, Ireland, Luxembourg, Germany and France saw UCITS assets fall by 7.3%, 4.1%, 3.4%, 2.9% and 0.7%, respectively.

All Nordic countries experienced a decrease in net  Ucits assets, albeit at moderate rates, with the only exception of Norway which recorded an increase of 1.3%. On the other hand, Denmark, Finland and Sweden all recorded drops in net Ucits assets by -0.9%, -2.2% and -2.9% respectively.

Southern countries all recorded falls in net Ucits assets: in Greece net assets went down by 6%, in Portugal by 4.5%, in Spain by 2% and in Italy by 1.8%.

Meanwhile, AIF funds also faced a challenging environment, although the decline was less dramatic with net sales falling to €43.4 billion in Q1 2016, compared to 48.4 billion in Q4 2015.

The slightly less dramatic decline was partly due to bond and real estate funds, where net assets increased by 2.1% and 1.1% respectively, meanwhile, assets in alternative equity funds declined by -3.7% quarter on quarter.

Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

Read more from Mona Dohle

Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!