Inflows in bond funds drive positive UCITS net sales in October

NEWS
Published
Dec 22nd '20
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The European Fund and Asset Management Association (EFAMA) has published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data of UCITS and AIFs for October 2020*.

 

Bernard Delbecque, Senior Director for Economics and Research commented: “Net sales of UCITS equity funds, although remaining positive, fell to a very low level in October against the backdrop of increases in Covid-19 cases and new lockdown measures. 

 

The main developments in October 2020 can be summarized as follows:

 

  • Net sales of UCITS and AIFs totalled EUR 33 billion, up from EUR 32 billion in September 2020
  • UCITS recorded net inflows of EUR 31 billion, compared to EUR 12 billion in September 2020.
    • Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR 22 billion, up from EUR 19 billion in September 2020.
    • Equity funds recorded net inflows of EUR 4 billion, compared to EUR 17 billion in September 2020.
    • Net sales of bond funds amounted to EUR 16 billion, up from EUR 6 billion in September 2020.
    • Multi-asset funds recorded net inflows of EUR 2 billion, compared to net outflows of EUR 2 billion in September 2020.
    • UCITS money market funds recorded net inflows of EUR 9 billion, compared to net outflows of EUR 7 billion in September 2020.
  • AIFs recorded net inflows of EUR 2 billion, down from EUR 19 billion in September 2020.
  • Total net assets of UCITS and AIFs decreased by 0.3% to EUR 17,602 billion.

 

Source: EFAMA

 

*29 associations across Europe representing 98 percent of total UCITS and AIF assets in Europe provided EFAMA with net sales data for the month of September 2020.

 

Please see the  accompanying attachment​ for the EFAMA Investment Fund Industry Fact Sheet (October) and the ‘Notes to editors’ section for further information on how the Fact Sheet is produced.