The combined net sales of UCITS and AIF reached EUR245 billion in Q2 2017, compared to EUR264 billion in Q1 2017, according to the European Fund and Asset Management Association’s (EFAMA) latest Quarterly Statistical Release.
UCITS registered net inflows of EUR174 billion, compared to net inflows of EUR202 billion in Q1 2017. In the first half of 2017, UCITS funds attracted EUR377 billion in net new money, compared to EUR271 billion recorded throughout the entire year 2016.
Long-term UCITS, UCITS – UCITS excluding money market funds – recorded solid net inflows amounting to EUR188 billion, the highest level seen since Q1 2015. All categories of long-term UCITS registered positive net inflows during Q2 2017. Net sales of equity funds rose to EUR35 billion and net sales of multi-asset funds increased to EUR54 billion in Q2 2017. Net sales of bond accelerated from EUR75 billion in Q1 to a record-breaking EUR93 billion in Q2 2017.
UCITS money market funds saw a reversal in net sales this quarter, recording net outflows of EUR13 billion compared to net inflows of EUR52 billion in Q1 2017.
AIF recorded net inflows of EUR70 billion in Q2 2017, up from EUR62 billion in the first quarter. So far this year, AIF have garnered net sales of EUR132 billion in net sales, compared to EUR187 billion during the whole of 2016.
Total net assets of the European investment fund industry increased by 0.6 per cent to EUR14,894 billion at end Q2 2017. Both UCITS and AIF net assets grew to reach EUR9,171 billion and EUR5,723 billion, respectively.