Net inflows into Europe’s traditional and alternative funds in April shot up to €65 billion from the March level of €26 billion as bond inflows doubled.
Bond funds experienced €24 billion of net inflows, up from €11 billion in March.
Equity funds continued to lose money, though at a slower rate than in March, with €2 billion in redemptions, while multi-asset sales were the same as the month before, at €6 billion.
Net inflows into Ucits-regulated funds were €44 billion, “considerably higher” than the €8 billion recorded in March, said the European Fund and Asset Management Association (Efama).
Alternative investment funds recorded net inflows of €21 billion, compared to €19 billion in March.
Net assets of Ucits funds were €8,104 billion, and net assets of alternative funds were €5,148 billion.
Bernard Delbecque, director of economics and research at Efama, said: “The accommodative monetary policy and the stimulus still in the pipeline supported the demand for bond and multi-assets funds in April, whereas weak economic growth and downside risks continued to weigh on equity funds.”
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