AIFs and UCITS saw large net outflows in 2022, says EFAMA

AIFs and UCITS saw net outflows of €278 billion in 2022, compared to net inflows of €888 billion in 2021, according to the latest monthly Investment Fund Industry Fact Sheet Net from the European Fund and Asset Management Association (EFAMA). Assets of European investment funds meanwhile, declined by 12.4%, to drop below the €20 trillion threshold.

According to EFAMA's data, UCITS suffered net outflows of €175 billion in 2022, the first annual decline since 2011.

Net sales of AIFs, meanwhile turned negative for the first time ever (€101 billion). EFAMA says this was due to the decision taken by several pension funds in the Netherlands, and to a lesser extent in Denmark, to stop managing their assets within AIF wrappers and make more use of segregated mandates due to the new IFR/IFD prudential rules. 

Net sales of AIFs in other European countries remained positive and totalled €112 billion.

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