Net inflows into UCITS and AIFs totalled EUR95 billion in May, compared to EUR83 billion in the previous month, according to the European Fund and Asset Management Association (EFAMA) has today published its latest Investment Funds Industry Fact Sheet.
UCITS registered net inflows of EUR62 billion, down from EUR78 billion in April, with long-term UCITS (UCITS excluding money market funds) recording net sales of EUR62 billion, up from EUR58 billion in April.
Net sales of equity funds totalled EUR13 billion, the same as in April, while net sales of bond funds totalled EUR30 billion, up from 26 billion in April, and net sales of multi-asset funds totalled EUR17 billion, up from EUR15 billion in April.
UCITS money market funds recorded net sales of EUR0.2 billion, down from EUR19 billion in April, while AIFs recorded net sales of EUR33 billion, up from EUR5 billion in April.
Total net assets of UCITS and AIFs totalled EUR15,065 billion at end May, compared to EUR15,008 at end April and EUR14,141 billion at end 2016.
Bernard Delbecque (pictured), Senior director for Economics and Research at EFAMA, says: “The demand for long-term UCITS and AIF continued to increase in May, in an environment of strengthening economic growth and reduced political uncertainty in Europe following the election of President Macron.”
