Bringing you live news and features since 2006 

Euros

UCITS net inflows increase to EUR34bn in Q3

RELATED TOPICS​

UCITS recorded increased net inflows of EUR34bn in the third quarter of 2013, up from EUR12bn in the second quarter of the year, according to the European Fund and Asset Management Association (EFAMA).

This increase in net sales can be attributed to the upturn in net sales of equity funds and decreased net outflows from money market funds. Uncertainty about bond market developments during the quarter penalised bond funds, whereas equity funds benefitted from improved investor confidence.
 
Long-term UCITS, i.e. UCITS excluding money market funds, registered net inflows of EUR43bn in the third quarter, compared to EUR65bn in the previous quarter. 
 
Bond funds registered quarterly net outflows for the first time since 2011 amounting to EUR12bn.
 
Net sales of equity funds returned to positive territory with inflows of EUR30bn, compared to net outflows of EUR9bn in the second quarter. 
 
Net inflows to balanced funds continued to attract strong net inflows (EUR20bn), albeit down from EUR28bn in the second quarter.
 
Money market funds recorded reduced net outflows of EUR9bn in the third quarter, down from EUR53bn recorded in the second quarter.
 
Total net assets of UCITS increased by 3.0 per cent during the third quarter to stand at EUR6,690bn at end September 2013.  Net assets of equity funds experienced the highest asset increase (7.8 per cent).  Bond funds experienced an increase in net assets of 1.0 per cent, whereas money market funds bucked the trend to record a decrease in net assets of 1.0 per cent during the quarter.
 
Total net assets of non-UCITS increased by 3.5 per cent in the third quarter to stand at EUR2,841bn at end September 2013.  Assets of special funds reserved to institutional investors grew by 3.8 per cent during the quarter, thanks to continued net inflows (EUR40bn, compared to EUR29bn during the second quarter).
 
The combined assets of UCITS and non-UCITS increased 3.2 per cent in the third quarter to stand at EUR9,531bn at end September 2013.

Latest News

Amundi’s ETF Market Flows Analysis for May finds that global ETF inflows were EUR105.1 billion with US-domiciled equity funds accounting..
MerQube has announced the appointment of Dave Mueller as Chief Financial Officer. Mueller brings 17 years experience operating in corporate..
Northern Trust Asset Management (NTAM), has announced that David Abner is joining as Head of Global ETFs and Funds...
Nvidia’s market cap surge to more than USD3 trillion making it the second most valuable company in the world almost..

Related Articles

CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by