EFAMA: Demand For Long-Term UCITS Remained Strong

Trading Europe From ‘Across the Pond’

The European Fund and Asset Management Association (EFAMA) has published its latest monthly Investment Fund Industry Fact Sheet, which provides data on UCITS and AIFs sold in February 2021, at European level and by country of fund domiciliation.

Bernard Delbecque, Senior Director for Economics and Research commented: “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.”

The main developments in February 2021 can be summarised as follows:

  • Net sales of UCITS and AIFs totalled EUR 38 billion, down from EUR 83 billion in January 2021
  • UCITS recorded net inflows of EUR 34 billion, compared to EUR 66 billion in January 2021
  • Long-term UCITS (UCITS excluding money market funds) recorded EUR 88 billion of net sales, up from EUR 83 billion in January 2021
  • Equity funds registered net inflows of EUR 52 billion, compared to EUR 55 billion in January 2021.
  • Net sales of bond funds amounted to EUR 22 billion, comparable EUR 23 billion in January 2021.
  • Multi-asset funds recorded net inflows of EUR 10 billion, up from EUR 4 billion in January 2021.
  • UCITS money market funds recorded net outflows of EUR 54 billion, compared to net outflows of EUR 17 billion in January 2021.
  • AIFs recorded net inflows of EUR 3 billion, down from EUR 17 billion in January 2021.
  • Total net assets of UCITS and AIFs increased by 0.6% to EUR 19,096 billion.

Source: EFAMA

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