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European funds industry growth sets to outperform record year of 2015


Combined net sales of UCITS and AIF reached EUR246 billion in Q3 2017, compared to EUR249 billion in Q2 2017, according to the latest Quarterly Statistical Release from The European Fund and Asset Management Association (EFAMA).

In the first three quarters of 2017, UCITS and AIF registered net sales of EUR761 billion, higher than the total net sales for all of 2016 (EUR457 billion) and setting 2017 on course to outperform the record-breaking year of 2015 (EUR763 billion).
 
UCITS registered net sales of EUR190 billion, up from EUR175 billion in Q2 2017. From January until September 2017, UCITS attracted net sales of EUR568 billion, compared to EUR271 billion in 2016 and EUR602 billion in 2015.
 
Long-term UCITS, ie UCITS excluding money market funds, recorded solid net inflows amounting to EUR157 billion. All categories of long-term UCITS registered net inflows during Q3 2017, with bond funds recording the greatest net sales (EUR72 billion), followed by multi-asset funds (EUR43 bn), equity funds (EUR39 billion) and other UCITS funds (EUR2.5 billion).
 
UCITS money market funds saw a reversal in net sales in Q3 2017, recording net inflows of EUR33 billion compared to net outflows of EUR13 billion in Q2 2017.
 
AIFs recorded net sales of EUR56 billion in Q3 2017, down from EUR74 billion in Q2 2017. During the first three quarters of 2017, AIF attracted net sales of EUR193 billion, higher than the total net sales for all of 2016 (EUR186 billion) and 2015 (EUR161 billion).
 
Total net assets of the European investment fund industry increased 2.2 percent to EUR15,263 billion at end Q3 2017. Net assets of UCITS and AIF increased to EUR9,413 billion and EUR5,850 billion, respectively.

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