Ucits net flows jump by €50 billion in a month

Screen_graphJanuary’s net flows into Ucits funds in Europe were €71 billion – a jump of nearly £50 billion over December and described as a record. Long-term Ucits, which excludes money market funds, recorded net inflows of €40 billion, compared to €18 billion in December. The healthier sales will cheer the funds industry, which saw Ucits fund sales fall by half last year. Combined sales of Ucits and regulated alternative funds in January were €92 billion, an increase of €60 billion, said the European Fund and Asset Management Association (Efama). There was a significant switch from Ucits equity funds to bond funds, and mixed asset funds also jumped. While equity funds recorded net sales of €6 billion (a fall of €3 billion from December), bond fund net sales surged from €6 billion to €20 billion in the same two-month period. Net sales of multi-asset funds increased from €1 billion in December to €10 billion in January, reflecting a similar pattern of demand for allocation funds seen in UK fund sales figures for February. However, money market funds also saw net sales of €31 billion, up from €3 billion in December 2016. Regulated alternative funds saw net inflows of €21 billion, nearly double that of December. Bernard Delbecque, senior director for economics and research at Efama commented: “Net sales of Ucits reached a level never reached since May 2016, thanks to strong demand for both long-term and money market funds.” ©2017 funds europe

Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

INTERVIEW: Finding managers that can (and do)

Apr 18, 2017

Fabrice Kremer, a fund selector at Banque de Luxembourg Investments, has berated fundamental managers for failing to beat indices, but he remains committed to active funds. He speaks to Nick...

JERSEY INTERVIEW: ‘A steady sort of place’

Mar 21, 2017

The chief executive of Jersey Finance is keen to portray the island as a stable, trustworthy jurisdiction. He talks to George Mitton.


ROUNDTABLE: The issue is perception

Mar 21, 2017

Our panel discuss tax transparency, the elegance of private placement and why Jersey could do more to promote itself. Chaired by Tom Cowsill in Saint Helier.


Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.