The European Fund and Asset Management Association (EFAMA) has published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data on UCITS and AIFs for March 2022, at European level and by country of fund domiciliation.

Bernard Delbecque, Senior Director for Economics and Research at EFAMA, commented: “For the first time since March 2020, net sales of long-term UCITS turned negative as investor sentiment was impacted by the war in Ukraine and rising inflationary pressures.”

The main developments in March 2022 can be summarised as follows:

• Net sales of UCITS and AIFs registered net outflows of EUR 42 billion, compared to net outflows of EUR 48 billion in February 2022.
• UCITS recorded net outflows of EUR 35 billion, compared to net outflows of EUR 43 billion in February 2022.
  • Long-term UCITS (UCITS excluding money market funds) registered net outflows of EUR 20 billion, compared to net inflows of EUR 2 billion in February 2022.
    • Equity funds recorded net outflows of EUR 8 billion, compared to net inflows of EUR 8 billion in February 2022.
    • Bond funds registered net outflows of EUR 19 billion, compared to net outflows of EUR 20 billion in February 2022.
    • Net inflows of multi-asset funds amounted to EUR 7 billion, down from EUR 11 billion in February 2022.
  • UCITS money market funds recorded net outflows of EUR 15 billion, compared to net outflows of EUR 45 billion in February 2022.
• AIFs registered net outflows of EUR 7 billion, compared to net outflows of EUR 5 billion in February 2022.
• Total net assets of UCITS and AIFs increased by 0.5% in March to EUR 20,982 billion.

Source: EFAMA