April witnessed sustained inflows into bond Ucits in April, according to the European Fund and Asset Management Association (Efama), the representative body for the European investment management industry
In contrast, Efama’s monthly statistical April 2024 report highlighted ongoing outflows from equity Ucits.
Thomas Tilley, senior economist at Efama, commented: “Despite a dip in global stock markets, bond Ucits continued to attract strong net inflows in April as investors were anticipating the June ECB rate cut.”
Ucits are delivering good returns with costs declining: Efama
According to the report, Ucits and alternative investment funds recorded net inflows of €42 billion, a significant increase from the €24 billion observed in March. Specifically, Ucits attracted net inflows of €35 billion, up from €22 billion the previous month. Long-term Ucits, which exclude money market funds, saw net inflows of €21 billion, an increase from €18 billion in March.
Equity funds, however, continued to face challenges, registering net outflows of €1 billion, a figure similar to the previous month.
Bond funds experienced a notable rise in net inflows, reaching €27 billion compared to €19 billion in March. Conversely, multi-asset funds continued to struggle, suffering from net outflows of €7 billion, up from €4 billion in the previous month.
Equity and bond Ucits funds rebounded in Nov’23, data shows
Ucits money market funds saw an increase in net inflows, recording €14 billion compared to €4 billion in March. Ucits ETFs maintained steady net inflows of €13 billion, similar to the inflows in the previous month.
Additionally, alternative investment funds recorded net inflows of €7 billion, a substantial rise from the €2 billion seen in March. Despite these inflows, the total net assets of Ucits and alternative investment funds decreased by 0.7%, totalling €21,466 billion.
