Both equity and bond funds saw positive sales in August, industry figures for Ucits fund flows show.
Equity funds recorded net sales of €1 billion, compared to net outflows of €2 billion in July. Bond fund inflows increased from €23 billion in July to €25 billion in August.
Meanwhile, multi-asset fund flows increased from €0.1 billion in July, to €4 billion in August.
The European Fund and Asset Management Association (Efama) data for August shows net inflows into all Ucits and regulated alternative investment funds (AIFs) domiciled in Europe totalled €55 billion, up from €66 billion in July.
In all, Ucits funds reaped net inflows of €51 billion, a rise of €2 billion from the month before. Minus money market funds, net Ucits inflows totalled €33 billion, up from €25 billion in July.
Overall, net Ucits assets increased by 1.1% to €8,437 billion in August, and AIF assets increased by 0.7% net to €5,382 billion. Overall, total net assets of European investment funds increased by 1% in August to stand at €13,820 billion at the end of the month.
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