The European Fund and Asset Management Association (EFAMA) has published its European Quarterly Statistical Release for Q3 of 2022.

This Release presents for the first time data on the net sales and net assets of SFDR Article 8 and 9 UCITS.

Bernard Delbecque, Senior Director for Economics and Research at EFAMA, commented: “UCITS and AIFs suffered a level of net outflows (EUR 137 billion) not seen since Q4 2008.  A combination of different factors, including high inflation, fears about the outlook for interest rates, and recession risks dampened investor confidence over the summer.  Despite these difficult circumstances, demand for SFDR Article 9 funds remained sustained in Q3 2022, leading to an estimated total net sales of EUR 32 billion in the period from January to September 2022.”

The main developments through the quarter are as follows:

• Net assets of UCITS and AIFs declined by 2.4%, ending the quarter slightly below EUR 19 trillion.
• Net outflows from UCITS and AIFs reached EUR 137 billion.
• Most of the main categories of funds recorded net outflows over the quarter; only other AIFs, which are mainly alternative funds such as private equity or infrastructure, continued to post positive net sales.
• SFDR Article 9 UCITS attracted estimated net inflows of EUR 14 billion, whereas Article 8 UCITS continued to record net outflows.
• Net acquisitions of investment funds by European households remained positive during the first half of 2022.

Source: EFAMA