European long-term Ucits saw their strongest net sales since July 2021, according to the European Fund and Asset Management Association’s (Efama) January 2025 figures, driven by demand across all fund categories and investor interest in multi-asset strategies.
Efama, the trade body representing the European asset management industry, has released data showing a resurgence in investor appetite for long-term Ucits at the start of 2025.
Total net inflows into Ucits and alternative investment funds (AIFs) amounted to €101.5 billion in January, up from €83 billion recorded in December 2024. Ucits alone accounted for €101 billion of those inflows, up from €81 billion the previous month.
Long term Ucits—excluding money market funds—registered net sales of €68 billion, rising from €64 billion in December. This surge was supported by continued strength in bond and equity funds, as well as a recovery in multi-asset strategies.
Bond funds led the way in net sales among long term Ucits, bringing in €33 billion, up from €22 billion the month before. Equity funds followed with €29 billion in net inflows, seeing a dip from €41 billion in December.
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Multi-asset funds rebounded, attracting €5 billion in net sales, compared to €0.04 billion in December. According to Efama’s data, it was their strongest monthly showing since April 2022.
ETF Ucits recorded net inflows of €27 billion, a decline from €32 billion in December, but remained a strong contributor to overall sales momentum. Meanwhile, Ucits money market funds more than doubled their net inflows month-on-month, reaching €33 billion.
AIFs recorded net inflows of €1 billion, down from €2 billion in December. However, total assets across Ucits and AIFs rose by 2.1%, reaching €24 trillion.
Thomas Tilley, senior economist at Efama, commented: “Long-term Ucits surged in January to their highest level since July 2021, as all fund types recorded positive net sales, with demand for multi-asset funds reaching its highest level since April 2022.”
Efama’s monthly fact sheet presents net sales and net assets data for Ucits and AIFs for 29 European countries: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey and the UK.
