14 December 2012

EFAMA: UCITS enjoy surge in net inflows of €41 billion in October

26 associations representing more than 99.6 pe rcent of total UCITS and non-UCITS assets at end October 2012 provided EFAMA with net sales and/or net assets data.  

The main developments in October 2012 in the reporting countries can be summarised as follows:

• Net inflows to UCITS surged in October to €41 billion, as all fund categories recorded net inflows. This compares to net outflows of €10 billion recorded in September.
• Long-term UCITS (UCITS excluding money market funds) jumped in October to €34 billion, up from €13 billion in September.
  • Net inflows into bond funds amounted to €25 billion, marking a significant increase compared to September (€9 billion).
  • Equity funds recorded net inflows of EUR 3 billion for the second successive month.
  • Balanced funds enjoyed increased net sales in October of €5 billion, up from €2 billion in September.
• Net sales of money market funds returned to positive territory in October recording net inflows of €6 billion, after registering net outflows in September of €23 billion.
• Total net sales of non-UCITS increased in October to €13 billion, up from €4 billion in September.
• Special funds (funds reserved to institutional investors) registered a jump in net sales to €10 billion, compared to €3 billion in September.
• Total net assets of UCITS increased 0.4 per cent in October to €6,249 billion, whilst non-UCITS net assets increased 0.3 per cent in the month to stand at €2,479 billion.

Bernard Delbecque, Director of Economics and Research at EFAMA, said: “The reduction in uncertainty regarding the future of the euro area, in an environment of gloomy growth prospects and subdued inflation, supported the net sales of bond funds in October. At the same time, the demand for equity funds remained modest, suggesting that investors stay very sensitive to stock market risk.”

Full information

© EFAMA - European Fund and Asset Management Association