EFAMA's Q2 figures show sharp rebound in sales of UCITS
Net assets of UCITS and AIFs bounced back strongly in Q2 2020, crossing the EUR17 trillion threshold again, according to the Quarterly Statistical Release from the European Fund and Asset Management Association (EFAMA).
Net sales UCITS rose to EUR272 billion, a level not seen since Q1 2015, with all main categories of long-term UCITS recording net inflows. AIF equity, bond and multi-assets funds meanwhile, suffered net outflows.
Money market funds attracted EUR136 billion in net new money, the largest inflow ever observed on a quarterly basis.
Bernard Delbecque, Senior Director for Economics and Research at EFAMA, says: “The substantial monetary and fiscal stimulus packages taken in response to Covid-19 and the easing of lockdown measures boosted investor confidence in the second quarter, which led to a sharp rebound in sales of UCITS.”