Demand for long-term UCITS remained strong in February, says EFAMA

Net sales of UCITS and AIFs totalled EUR38 billion in February, down from EUR83 billion in January 2021, according to the latest Investment Fund Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA).

UCITS recorded net inflows of EUR34 billion, compared to EUR66 billion in January 2021, with long-term UCITS (UCITS excluding money market funds) recording EUR88 billion of net sales, up from EUR83 billion in January 2021. 

Equity funds meanwhile, registered net inflows of EUR52 billion, compared to EUR55 billion in January 2021 and net sales of bond funds amounted to EUR22 billion, comparable EUR23 billion in January 2021.

Multi-asset funds recorded net inflows of EUR10 billion, up from EUR4 billion in January 2021, UCITS money market funds recorded net outflows of EUR54 billion, compared to net outflows of EUR17 billion in January 2021.

AIFs recorded net inflows of EUR3 billion, down from EUR17 billion in January 2021.

Total net assets of UCITS and AIFs increased by 0.6 per cent to EUR19,096 billion.

Bernard Delbecque, Senior Director for Economics and Research, says: “Net sales of UCITS equity funds remained exceptionally high in February, as high hopes on the Covid-19 vaccines prevailed over the risks posed by the variants of the virus."