UCITS and AIFs continued to record net inflows in August
The has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data of UCITS and AIFs for August 2020*.
Bernard Delbecque, Senior Director for Economics and Research commented: “Thanks to positive news on the global economic recovery, long-term UCITS continued to record net inflows in August, albeit at a slower pace than during the previous four months.”
Net sales of UCITS and AIFs totalled EUR30 billion in August, down from EUR124 billion in July, according to the latest monthly Investment Fund Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA).
UCITS recorded net inflows of EUR25 billion, compared to EUR109 billion in July 2020.
Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR37 billion, down from EUR50 billion in July 2020.
Equity funds recorded the same level of net sales as in July 2020 (EUR13 billion), while Net sales of bond funds amounted to EUR20 billion, down from EUR22 billion in July 2020, while multi-asset funds recorded net inflows of EUR2 billion, compared to EUR13 billion in July 2020.
UCITS money market funds recorded net outflows of EUR12 billion, compared to net inflows of EUR59 billion in July 2020 and a total of EUR195 billion in April-July.
AIFs recorded net inflows of EUR5 billion, down from EUR15 billion in July 2020.
Total net assets of UCITS and AIFs increased by 1.6 per cent to EUR17,638 billion.