Undertakings for the collective investment in transferable securities (Ucits) funds continued to see investor interest in February 2025, with net inflows climbing to €105 billion—up from €101 billion the previous month, according to the European Fund and Asset Management Association (Efama).
Long-term Ucits, which exclude money market funds, were the primary driver of growth, drawing in €79 billion in net inflows compared to €68 billion in January. ETF Ucits were particularly strong, according to data from the trade association representing the fund management and asset management industry in Europe, with inflows reaching €40 billion from €27 billion. Equity funds saw continued demand, with net inflows rising to €31 billion.
Bond funds dipped slightly to €28 billion from €33 billion in January. Multi-asset funds doubled their inflows to €12 billion.
Moning on, money market Ucits gained €26 billion, a dip from €33 billion in January, according to Efama’s data. Alternative investment funds (AIFs), in contrast, lost €4 billion, reversing the €1 billion in net inflows recorded the previous month.Overall, the total net assets of Ucits and AIFs rose by 0.3% to reach €24 trillion, underscoring the continued resilience and growth of Europe’s investment fund industry in early 2025.
Hailin Yang, senior data analyst at Efama, commented: “Investor confidence held steady in February, with long-term Ucits building on January’s momentum as all major fund categories recorded fresh net inflows. Stronger inflows into equity and multi-asset funds, with a slight weakening of inflows into bond and money market funds, showed higher investor risk appetite in February.”
