EFAMA: Large net inflows into UCITS bond funds in March
28 May 2019
The European Fund and Asset Management Association has published its latest Investment Fund Industry Fact Sheet, which provides net sales of UCITS and AIFs for March 2019.
The main developments in March 2019 can be summarised as follows:
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Net sales of UCITS and AIFs totaled EUR 6 billion, down from EUR 13 billion in February.
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UCITS registered net inflows of EUR 13 billion, up from EUR 6 billion in February.
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Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR 16 billion, up from EUR 10 billion in February.
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Equity funds registered net outflows of EUR 23 billion, compared to net inflows of EUR 4 billion in February.
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Net sales of bond funds increased from EUR 43 billion, from EUR 14 billion in February.
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Multi-asset funds recorded net outflows of EUR 2 billion, compared to net inflows of EUR 2 billion in February.
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UCITS money market funds recorded net outflows of EUR 2 billion, compared to net inflows of EUR 4 billion in February.
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Net sales of AIFs turned negative in March, with net outflows of EUR 8 billion, compared to net inflows of EUR 6 billion in February.
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Total net assets of UCITS and AIFs increased by 1.5% to EUR 16,308 billion.
Bernard Delbecque, Senior Director for Economics and Research commented: “Central banks’ move towards more dovish monetary policy in response to weaker global growth triggered an investment shift from equity funds towards bond funds in the UCITS market.”
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