Net sales of UCITS and AIF totalled EUR68 billion in November 2017, down from EUR84 billion in October, according to the European Fund and Asset Management Association’s (EFAMA) latest Investment Funds Industry Fact Sheet.
UCITS registered net sales of EUR59 billion in the month, down from EUR75 billion in October. Long-term UCITS meanwhile, (UCITS excluding money market funds) recorded net sales of EUR60 billion, up from EUR57 billion in October, while net sales of equity funds totalled EUR25 billion, up from EUR12 billion in October. Net sales of bond funds totalled EUR28 billion, up from EUR26 billion in October, and net sales of multi-asset funds totalled EUR18 billion, up from EUR16 billion in October.
UCITS money market funds saw a reversal in flows, decreasing from net inflows of EUR19 billion in October to net outflows of EUR1 billion in November. AIF recorded net sales of EUR9 billion, up from EUR8 billion in October, while total net assets of UCITS and AIF totalled EUR15,660 billion at end November, compared to EUR15,661 billion at end October and EUR14,190 billion at end 2016.
Bernard Delbecque (pictured), Senior director for Economics and Research at EFAMA says: “Net sales of UCITS equity funds surged to a record level in November, confirming investor confidence in the global outlook.”
