Ucits assets have reached €9 trillion for the first time, according to European Fund and Asset Management Association (Efama) figures for March.
Data gathered by 27 associations representing more than 99.6% of the industry by assets under management, also showed Ucits funds attracted €69 billion in new money in March – less than February’s figure of €87 billion. Efama says this is due to a turnaround in net flows of equity funds and money market funds.
Bernard Delbecque, director of economics and research at Efama says: “Long-term Ucits continued to attract strong net inflows in March thanks to a leap in net sales of balanced funds, which continued to attract investors by providing broad market, asset class and sector diversification.”
Long-term Ucits, which exclude money market funds, registered a second consecutive month of net inflows of €71 billion in March. Bond funds stayed at the same level as February, with sales of €26 billion.
Total Ucits assets of €9,004 billion at the end March represent a 2.5% increase during the month.
Total assets of non-Ucits increased 2.3% to stand at €3,547 billion.
Overall, total assets of the European investment fund industry were €12,551 billion at end March 2015.
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