Ucits enjoy surge in net inflows of EUR41bn in October
Net inflows to Ucits surged in October to EUR41bn, as all fund categories recorded net inflows, according to the European Fund and Asset Management Association (EFAMA).
This compares to net outflows of EUR10bn recorded in September.
Long-term Ucits (Ucits excluding money market funds) jumped in October to EUR34bn, up from EUR13bn in September.
Net inflows into bond funds amounted to EUR25bn, marking a significant increase compared to September (EUR9bn).
Equity funds recorded net inflows of EUR3bn for the second successive month.
Balanced funds enjoyed increased net sales in October of EUR5bn, up from EUR2bn in September.
Net sales of money market funds returned to positive territory in October recording net inflows of EUR6bn, after registering net outflows in September of EUR23bn.
Total net sales of non-Ucits increased in October to EUR13bn, up from EUR4bn in September.
Special funds (funds reserved to institutional investors) registered a jump in net sales to EUR10bn, compared to EUR3bn in September.
Total net assets of Ucits increased 0.4 per cent in October to EUR6,249bn, whilst non-Ucits net assets increased 0.3 per cent in the month to stand at EUR2,479bn.
Bernard Delbecque, director of economics and research at EFAMA, says: “The reduction in uncertainty regarding the future of the euro area, in an environment of gloomy growth prospects and subdued inflation, supported the net sales of bond funds in October. At the same time, the demand for equity funds remained modest, suggesting that investors stay very sensitive to stock market risk.”
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