Net sales of UCITS and AIFs totalled EUR 43 billion in October, up from EUR 25 billion in September, according to the latest monthly Investment Fund Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA).
UCIT funds registered net inflows of EUR 42 billion, compared to EUR 13 billion in September.
Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR 37 billion, up from EUR 32 billion in September.
Equity funds registered net inflows of EUR 7 billion, compared to EUR 4 billion in September, while net sales of bond funds increased to EUR 19 billion, up from EUR 17 billion. Multi-asset funds, meanwhile, recorded net inflows of EUR 10 billion, up from EUR 9 billion in September.
UCITS money market funds recorded net inflows of EUR 5 billion, compared to net outflows of EUR 18 billion in September. AIFs registered net inflows of EUR 1 billion, compared to EUR 11 billion in September, while Total net assets of UCITS and AIFs increased by 0.3 per cent to EUR 17,282 billion.
Bernard Delbecque (pictured), Senior Director for Economics and Research commented: “The rebound in net sales of UCITS equity funds was confirmed in October, against the backdrop of a more optimistic outlook on the US-China trade negotiations, and the agreement of a new Brexit deal.”
