Ucits equity funds faced net outflows of €13 billion in Q2 2023, according to the European Fund and Asset Management Association’s (Efama) report.
In contrast, bond funds continue to attract investors, albeit at a reduced rate, with net inflows of €35 billion, down from Q1’s €51 billion.
Alternative Investment Funds (AIFs) showed a positive shift, registering an influx of €9 billion this quarter, reversing the net outflows seen in Q1.
Sustainable Finance Disclosure Regulation (SFDR) Article 9 funds saw net inflows for the ninth consecutive quarter.
These findings also highlight the continued trust of European households in investment funds, accumulating a net acquisition of €31 billion in Q1.
Bernard Delbecque, senior director for economics and research at Efama, said, “Net sales of UCITS turned negative this quarter, echoing rising concerns about the stock market amidst global economic uncertainties and the current interest rates.”
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