Equity funds saw their best year of sales in Europe last year since the start of the century.
And across the board, European investment funds saw record inflows in 2015 for the second year in a row – with net sales reaching €717 billion.
Assets under management surpassed the €12 trillion mark, according to data based on 27 countries and supplied by the European Fund and Asset Management Association (Efama).
Last year, net sales of Ucits and alternative investment funds reached €717 billion, compared with €601 billion in 2014. Sales were buoyed by the renewed investor confidence in light of the European Central Bank’s quantitative easing program, Efama says.
Multi-asset funds were the primary beneficiaries, receiving inflows of €236 billion (up from €186 billion in 2014) and equity funds saw their best year since 2000, with inflows of €133 billion (up from €55 billion in 2014).
“Investor confidence has proven to be resilient despite periods of higher volatility, with record net inflow of sales of equity and multi-assets funds and a decline in the demand for bond bunds,” said Bernard Delbecque, senior director for economics and research at Efama.
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