UCITS funds and alternative investment funds (AIFs) in Europe recorded net inflows of €81bn in June up from €36bn in May.
According to EFAMA’s latest Monthly Statistical Release, UCITS funds attracted net inflows of €68bn, up from €34bn in May.
The report also found that long-term UCITS (UCITS excluding money market funds) saw net inflows of €42bn, down from €46bn in May. Of these, €20bn went into ETF UCITS, down from €26bn in May.
Thomas Tilley, Senior Economist at EFAMA, said: “The ECB rate cut of early June resulted in strong net inflows into bond UCITS throughout the month.”
Equity UCITS registered net inflows of €14bn, compared to €26bn in May.
Meanwhile, bond UCITS experienced net inflows of €27bn, up from €20bn in May.
Multi-asset UCITS continued to suffer from net outflows (€0.3bn), compared to net outflows of €0.4bn in May.
Money market (MMF) UCITS registered net inflows of €26bn, compared to net outflows of €12bn in May.
