Bringing you live news and features since 2006 

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

RELATED TOPICS​

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.”

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
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