Inflows into European Ucits and AIF funds have slowed down slightly from €55bn in August to €50n in September, according to the latest data presented by European Fund and Asset Management Association Efama.
Inflows into equity funds recovered from their previous through, reporting €2bn of net new sales in September, compared to €1bn the previous month. Meanwhile, previously strong demand for fixed income slowed down considerably, from €25bn net sales in August to €16bn in September. Money market funds reported the sharpest decline in demand, with net sales slowing down from €18bn to €2bn month on month.
According to Bernard Delbecque, senior director for Economics and Research at Efama, the figures are nevertheless positive: “The high level of net inflows into UCITS and AIF recorded in July-September (EUR 171 billion, of which EUR 50 billion in September) confirms the high level of confidence investors have in European investment funds” he stresses.