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Net sales of equity funds break even in August impacting net UCITS sales

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Net sales of UCITS amounted to EUR38 billion in August compared to EUR59 billion in July, according to the European Fund and Asset Management Association’s (EFAMA) latest figures.

This reduction in net sales can be attributed to reduced net sales of equity and money market funds during the month.
 
Long-term UCITS (UCITS excluding money market funds) posted net inflows of EUR29 billion, down from EUR41 billion in July.  
 
Net sales of equity funds broke even during August, compared to net inflows of EUR12 billion in the previous month.
 
Bond funds also registered a slight decrease in net sales to EUR15 billion, from EUR17 billion, while balanced funds registered net sales of EUR11 billion compared to EUR15 billion in July.
 
Money market funds registered net inflows for the second consecutive month in August registering net sales of EUR9 billion, down from EUR18 billion in July.
 
Total net assets of UCITS stood at EUR7,769 billion at end August 2014, representing a 2.0 percent increase during the month. 
 
Total net assets of non-UCITS increased 1.2 percent to stand at EUR3,081 billion at month end.  
 
Overall, total net assets of the European investment fund industry stood at EUR10,850 billion at end August 2014.  
 
Bernard Delbecque, director of economics and research, says: “Net sales of equity funds fell to break-even level in August on the back of a subdued global growth outlook and geopolitical uncertainties.”

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