Long-term UCITS enjoyed a healthy inflow of EUR16 billion for July, with total UCITS net inflows increasing by EUR5.4 billion to help reverse the EUR31 billion PARA_BREAK_SENTINEL_9f8e7d6c

 Long-term UCITS enjoyed a healthy inflow of EUR16 billion for July, with total UCITS net inflows increasing by EUR5.4 billion to help reverse the EUR31 billion net outflow suffered in June, according to latest figures released by EFAMA. Investor confidence seems to have returned, particularly in bond funds, which attracted EUR9 billion; by far the biggest allocation. Equity funds received EUR4.8 billion in contrast to the EUR1.7 billion net outflow in June, putting them at EUR13.9 billion YTD. Money market UCITS, whilst not as severe as June, recorded net outflows of EUR10.8 billion for July. Net assets in UCITS are now up 0.7 per cent to EUR5,536 billion. Twenty-two associations representing more than 97 per cent of total UCITS assets, as of end-July, provided data for the report