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16 November 2015

EFAMA: Sharp fall in net sales of UCITS In August 2015 triggered by volatile markets

UCITS experienced a sharp decline in net sales registering €9 billion, compared to the net inflows of €63 billion in July. This can be attributed to outflows from equity and bond funds, as well to a reduction of net inflows into balanced funds and money market funds.

Long-term UCITS (UCITS excluding money market funds) registered net outflows of €3 billion, down from net inflows of EUR 39 billion in July. 

Bond funds recorded net outflows of €12 billion, compared to net inflows of €4 billion in July. 

Equity funds also saw net outflows (€3 billion compared from net inflows of €12 billion in July). 

Net sales of balanced funds remained positive, totalling €8 billion compared to €18 billion in July.  

Money market funds recorded net inflows of €12 billion, compared to €24 billion in July.

Total non-UCITS net sales amounted to €6.4 billion in August, down from €8 billion in July.  Net sales of special funds (funds reserved to institutional investors) totalled €8.3 billion, up from €6.5 billion in July.

Net assets of UCITS and non-UCITS stood at €7,970 billion and €4,373 billion at end August 2015.  Overall, total net assets of the European investment fund industry decreased by 2.5 percent in August to stand at €12,343 billion at end August 2015. 

Bernard Delbecque, Director for Economics and Research at EFAMA commented: “Volatile markets triggered net outflows from equity and bond funds in August.  However, total net sales of UCITS and non-UCITS remained positive, totalling €15 billion”

Full press release

© EFAMA - European Fund and Asset Management Association

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