Ucits funds led Europe’s fund market recovery in August, with €87 billion in net inflows lifting total Ucits and AIF (alternative investment fund) subscriptions to €100 billion, up from €83 billion in July 2025, according to the European Fund and Asset Management Association (Efama), the trade body.
Ucits are the EU’s regulated cross-border investment vehicles. Long-term Ucits, excluding money market funds, attracted €71 billion. ETF Ucits pulled in €27 billion for the second consecutive month.
By asset class, equity Ucits saw inflows rise to €21 billion from €15 billion, while bond Ucits slipped to €38 billion from €41 billion. Multi-asset Ucits gained €7 billion, and money market funds remained stable at around €16 billion in net inflows.
Overall, Ucits and AIF net assets rose 0.5% in August to €24.2 trillion.
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Ella Vacic, junior data analyst at Efama, commented: “Steady inflows into long-term Ucits continue their upward trend in August, indicating sustained investor confidence. Most long-term fund categories showed rising net inflows, with the greatest jump in equity Ucits, driven by the good performance of global stock markets over the month.”
