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UCITS attract highest inflows since August 2010

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The latest industry report released by EFAMA shows that net inflows for UCITS in February were their highest since August last year.

The latest industry report released by EFAMA shows that net inflows for UCITS in February were their highest since August last year. Although nowhere near the August high-water mark of EUR75billion, a total of EUR27billion was recorded for February; more than double that recorded in January (EUR12billion). This brings total net sales in UCITS to EUR39billion YTD. Balanced funds and money market funds were the key growth drivers: balanced funds attracted EUR8billion compared to EUR4billion in January, whilst money market funds recorded a month-on-month swing of EUR18billion, net inflows of EUR7.6billion reversing January’s outflows of EUR11billion. The catalyst for this growth can likely be attributed to the political instability in Libya and the Middle East as well as rising oil prices which have caused investors to turn cautious. EFAMA points to two other possible factors: the increase in money market rates and stabilization in investor demand for money market funds. Total assets invested in UCITS, as of end-February, stood at EUR5.9trillion: up 1.2 per cent.  

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