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Bond funds see record net inflows in April

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UCITS attracted increased net inflows in April of EUR44bn, up from EUR38bn in March, while bond funds attracted their highest level of monthly net inflows since the European Fund and Asset Management Association (EFAMA) began collecting monthly data in 2008.

 
26 associations representing more than 99.6 per cent of total UCITS and non-UCITS assets at end April 2013 provided net sales and/or net assets data.   
 
Net sales of long-term UCITS (UCITS excluding money market funds) registered a rise in net inflows to EUR50bn, compared to EUR41bn in March.
 
Bond funds recorded a surge in net sales to EUR30bn, up from EUR15bn in March.
 
Net sales of equity funds reduced to EUR1bn, compared to EUR9bn in March.  
 
Net sales of balanced funds remained steady in April at EUR13bn.
 
Money market funds registered net outflows of EUR7bn in April, compared to net outflows of EUR2bn registered in March.  
 
Total non-UCITS recorded increased net sales of EUR20bn, up from EUR18bn in March. Special funds (funds reserved to institutional investors) recorded net inflows of EUR18bn, up from EUR15bn in the previous month.
 
Total net assets of UCITS stood at EUR6,781bn at end April 2013, representing a 1.2 per cent increase during the month. Total net assets of non-UCITS increased 1.8 per cent to stand at EUR2,692bn at month end. Overall, total net assets of the European investment fund industry stood at EUR9,473bn at end April 2013.  
 
Bernard Delbecque, director of economics and research at EFAMA, says: “In April net inflows into equity funds continued to fall amid uncertainty about growth prospects and stock prices, whereas bond funds attracted a surge in net inflows in the context of declining bond yields.”

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