The latest quarterly statistical release by EFAMA for Q3 found that UCITS enjoyed a healthy positive inflow of EUR46billion, in marked contrast to Q2, which saw net outflows total EURPARA_BREAK_SENTINEL_9f8e7d6c

The latest quarterly statistical release by EFAMA for Q3 found that UCITS enjoyed a healthy positive inflow of EUR46billion, in marked contrast to Q2, which saw net outflows total EUR28billion. The strong inflows meant that total net assets gained +3 per cent for Q3, bringing them to EUR5,777billion as of end-September. According to the report, all long-term UCITS classes locked in net inflows of EUR62billion for the quarter, suggesting improved investor appetite had returned to the market. This figure was up from EUR23billion recorded in Q2, but year-on-year it was markedly down (Q3 2009 having recorded inflows of EUR122billion). The major cause for this was money market funds. They experienced net outflows for the sixth consecutive quarter, losing EUR15.8billion in Q3; equivalent to a YTD loss of EUR105billion. Last year, however, they were in positive territory: EUR18billion.