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21 September 2015

EFAMA: Significant recovery of net sales of UCITS in the summer supported by strong investors’ confidence

EFAMA has published its latest Investment Funds Industry Fact Sheet, which provides data for net sales of UCITS and non-UCITS for July 2015.

Bernard Delbecque, Director for Economics and Research at EFAMA commented: “The rebound in net sales of long-term UCITS in July suggests that investor confidence strengthened at the beginning of the summer.”

The main developments in July 2015 can be summarized as follows:

  • UCITS experienced a sharp increase in net sales which totaled EUR 63 billion, compared to net outflows of EUR 17 billion in June.  This rebound can be attributed to a turnaround in net sales of money market funds and bond funds.
  • Long-term UCITS (UCITS excluding money market funds) registered net inflows of EUR 39 billion, up from EUR 18 billion in June.
    • Bond funds recorded net inflows of EUR 4 billion, compared to net outflows of EUR 7 billion in June.
    • Net sales of balanced funds increased to EUR 18 billion, compared to EUR 15 billion in June.
    • Equity funds also enjoyed stronger net sales of EUR 12 billion, up from EUR 7 billion in June.
  • Money market funds recorded net inflows of EUR 24 billion, compared to net outflows of EUR 35 billion in June.
  • Total non-UCITS net sales amounted to EUR 8 billion in July, down from EUR 19 billion in June.  Net sales of special funds (funds reserved to institutional investors) totaled EUR 7 billion, compared to EUR 17 billion.
  • Net assets of UCITS stood at EUR 9,070 billion at end July 2015, representing an increase of 1.8 percent during the month, whilst net assets of non-UCITS increased by 0.8 percent to stand at EUR 3,594 billion at month end.  Overall, total net assets of the European investment fund industry rose by 1.5 percent to stand at EUR 12,663 billion at end July 2015.

Press release

Accompanying attachment

© EFAMA - European Fund and Asset Management Association

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