Net sales of UCITS and AIFs nearly double in January 2020

Sales growth

Net sales of UCITS and AIFs totalled EUR137 billion in January 2020, up from EUR70 billion in December 2019, according to the latest monthly Investment Fund Industry Fact Sheet from The European Fund and Asset Management Association (EFAMA).

UCITS recorded net inflows of EUR108 billion, compared to EUR45 billion in December 2019, while Long-term UCITS (UCITS excluding money market funds) recorded EUR60 billion of net sales, similar to EUR62 billion in December 2019.

Equity funds registered net inflows of EUR17 billion, compared to EUR26 billion in December 2019. Net sales of bond funds meanwhile, increased to EUR30 billion, up from EUR23 billion in December 2019. 

Multi-asset funds recorded net inflows of EUR11 billion, up from EUR10 billion in December 2019, while UCITS money market funds recorded net inflows of EUR48 billion, compared to net outflows of EUR18 billion in December 2019.

AIFs recorded net inflows of EUR29 billion, up from EUR25 billion in December 2019.

Total net assets of UCITS and AIFs increased by 1.4 per cent to EUR18,050 billion.

Bernard Delbecque, Senior Director for Economics and Research, says: “January was another strong month for UCITS and AIFs, after the bounce back already experienced in the fourth quarter of last year. With the benefit of hindsight, the year 2020 will be marked by the coronavirus crisis and it will take time before net sales of UCITS reach again the high level recorded in January.”