Net sales of Ucits funds rose to €45 billion in April up from €38 billion in March, according to figures published today by the European Fund and Asset Management Association (Efama).
The data shows that net sales of equity funds totalled €16 billion, up from €14 billion in March, while net sales of bond funds rose to €10 billion, from €3 billion in March.
Ucits money market funds registered net inflows of €9 billion, compared to net outflows of €5 billion in March.
However net sales of long-term Ucits funds (excluding money market funds) fell to €36 billion, from €42 billion in March.
Net sales of multi-asset funds also fell, from €24 billion in March to €10 billion, while net sales of Alternative Investment Funds (AIFs) recorded net outflows of €3 billion, compared to net inflows of €9 billion in March.
Total net assets of Ucits and AIFs were €15,818 billion at the end of April, marginally higher than the €15,606 billion recorded at the end of March.
Bernard Delbecque, Efama’s director of economics and research said: “Net sales of equity and bond Ucits rebounded somewhat in April, which suggests investors remain cautiously optimistic despite uncertainties in the financial markets.”
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