Net sales of UCITS and AIFs totalled EUR57 billion in September, down from EUR94 billion in August, according to the latest Investment Funds Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA).
UCITS registered net sales of EUR40 billion, down from EUR69 billion in August. Long-term UCITS (UCITS excluding money market funds) recorded net sales of EUR53 billion, up from EUR44 billion in August, while net sales of equity funds totalled EUR16 billion, up from EUR5 billion in August, net sales of bond funds totalled EUR21 billion, slightly lower than EUR24 billion in August, and net sales of multi-asset funds totalled EUR15 billion, up from EUR14 billion in August.
UCITS money market funds, meanwhile, registered net inflows of EUR13 billion, compared to net inflows of EUR25 billion registered in August.
AIFs recorded net sales of EUR16 billion, down from EUR25 billion recorded in August.
Total net assets of UCITS and AIFs totalled EUR15,332 billion at end September, compared to EUR15,124 billion at end August and EUR14,164 billion at end 2016.
Bernard Delbecque (pictured), Senior director for Economics and Research at EFAMA, says: ‘Net sales of equity funds rebounded strongly in September, reflecting healthy economic data and investors’ decreasing concerns about geopolitical risks.”