Total net assets of UCITS and AIFs increased by 1.7 per cent to EUR16,030 billion in February, according to The European Fund and Asset Management Association’s (EFAMA) latest Investment Fund Industry Fact Sheet.
Bernard Delbecque, Senior Director for Economics and Research at EFAMA. says: “Net total assets of UCITS and AIFs crossed again the 16 trillion-euro mark in February, following the robust recovery in world capital markets since the beginning of the year.”
Net sales of UCITS and AIFs totalled EUR13 billion, down from EUR28 billion in January, with UCITS registering net inflows of EUR6 billion, down from EUR23 billion in January. Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR10 billion, up from EUR6 billion in January.
Equity funds registered net outflows of EUR4 billion, compared to net inflows of EUR0.2 billion in January, while net sales of bond funds increased from EUR13 billion in January to EUR14 billion in February, and multi-asset funds sales turned positive in February, with net inflows of EUR2 billion, compared to net outflows of EUR2 billion in January.
UCITS money market funds recorded net outflows of EUR4 billion, compared to net inflows of EUR17 billion in January. while AIFs recorded net inflows of EUR6 billion, up from EUR5 billion in January.
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