Net inflows into Ucits-compliant funds and Alternative Investment Funds (AIFs) totalled €95 billion in May compared to €83 billion in April, according to figures published today by the European Fund and Asset Management Association (Efama).
Efama’s latest Investment Funds Industry Factsheet also shows that net inflows into Ucits funds in May amounted to €62 billion, down from €78 billion in April.
However, long-term Ucits funds (excluding money market funds) recorded net sales of €62 billion, up from €58 billion in April.
Meanwhile, net sales of equity funds totalled €13 billion, the same as in April. Net sales of bond funds amounted to €30 billion, up from €26 billion in April, while net sales of multi-asset funds were €17 billion, up from €15 billion in April.
Ucits money market funds experienced a sharp drop, recording net sales of €0.2 billion, down from €19 billion in April. By contrast AIFs recorded net sales of €33 billion, up from €5 billion in April.
Total net assets of Ucits and AIFs totalled €15,065 billion at end May, compared to €15,008 at the end of April and €14,141 billion at the end of 2016.
Bernard Delbecque, research director at Efama, said: “The demand for long-term Ucits and AIFs continued to increase in May, in an environment of strengthening economic growth and reduced political uncertainty in Europe following the election of President Macron.”
Efama’s monthly factsheet is compiled from net sales data provided by 29 national funds associations representing more than 99% of total Ucits and AIF assets.
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