Equity and alternative funds saw sales increase last month while bond and money market fund sale dropped.
Fund investors increased their exposure to equities in September, with net sales of €2 billion, according to the European Fund and Asset Management Association. The figure compares to €1 billion of net sales in August.
A sharp increase was seen in sales of alternative funds: net inflows were €20 billion in September, up from €4 billion the month before.
Net sales of bond funds fell from €25 billion in August to €16 billion in September.
Money market funds marketed under Ucits regulations saw net sales fall from €18 billion in August to €2 billion in September.
Overall, sales of long-term Ucits funds, which excludes money market funds, saw net inflows of €28 billion, compared to €33 billion in August.
Multi-asset funds increased from €4 billion in August to €7 billion in September.
Total assets at the end of September were higher than at the end of 2015. Assets in funds totaled €13,808 billion at September, compared to €13,320 billion at end 2015.
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