Investors remained confident in their investment outlook in July
The European Fund and Asset Management Association (EFAMA) has published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data of UCITS and AIFs for July 2020.
Bernard Delbecque, Senior Director for Economics and Research, says: “Solid net inflows into long-term UCITS indicate overall investors’ confidence about the investment outlook in July, despite the risks posed by the Covid-19 crisis. At the same time, the sustained net inflows into money market funds confirm that a certain degree of caution prevailed among investors.”
Net sales of UCITS and AIFs totalled EUR124 billion, up from EUR108 billion in June. UCITS led this growth with recorded net inflows of EUR109 billion, compared to EUR100 billion in June 2020.
Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR50 billion, slightly down from EUR52 billion in June 2020, while net sales of equity funds amounted to EUR13 billion, down from EUR17 billion in June 2020.
Bond funds recorded net inflows of EUR22 billion, compared to EUR30 billion in June 2020, while multi-asset funds recorded net inflows of EUR13 billion, up from EUR3 billion in June 2020.
UCITS money market funds recorded net inflows of EUR59 billion, compared to EUR48 billion in June 2020, while AIFs recorded net inflows of EUR15 billion, up from EUR7 billion in June 2020.
Total net assets of UCITS and AIFs increased by 1.1 per cent to EUR17,352 billion.