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Net sales of long-term UCITS jump in February, says EFAMA


Net sales of UCITS rose in February to EUR87 billion from EUR83 billion in January, according to the latest Investment Funds Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA).

This increase in net sales can be attributed to a rise in the net sales of long-term UCITS.
Long-term UCITS (UCITS excluding money market funds) registered increased net inflows of EUR71 billion in February, up from EUR55 billion in January.
Bond funds posted a rise in net sales in February to EUR26 billion, up from EUR18 billion in January. Equity funds also enjoyed increased net sales of EUR14 billion, up from EUR9 billion in January. Balanced funds continued to register net inflows in February (EUR22 billion), albeit at a slower pace than in January (EUR27 billion).
Money market funds registered a second consecutive month of positive net sales in February (EUR16 billion), after posting net sales of EUR28 billion in January.
Total non-UCITS net sales remained relatively steady in February at EUR21 billion, compared to EUR22 billion in January.  Net sales of special funds (funds reserved to institutional investors) decreased to EUR16 billion during the month from EUR19 billion in January.
Total net assets of UCITS stood at EUR8,784 billion at end February 2015, representing a 4.2 percent increase during the month.  Total net assets of non-UCITS increased 2.4 percent to stand at EUR3,467 billion at month end.  Overall, total net assets of the European investment fund industry stood at EUR12,251 billion at end February 2015.

Bernard Delbecque, Director of Economics and Research, says: “Rising stock markets and lower interest rates in the euro area in February supported increased net sales of long-term UCITS during the month.”

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