Bringing you live news and features since 2006 

Bernard Delbecque, EFAMA

Turbulent political and macro-economic environments impact investor demand for UCITS Q3 2018


UCITS and AIFs recorded net sales of EUR 40 billion in Q3 2018, up from EUR31 billion in Q2, according to the latest Quarterly Statistical Release from The European Fund and Asset Management Association (EFAMA).

Equity, multi-asset funds and other funds registered net inflows of EUR17 billion, EUR20 billion and EUR27 billion, respectively. Bond and money market funds meanwhile recorded net outflows of EUR 10 billion and EUR14 billion, respectively.
UCITS registered net sales of EUR3 billion in Q3 2018, compared to EUR15 billion in Q2. Long-term UCITS, ie UCITS excluding money market funds, recorded net inflows of EUR16 billion in Q3. Equity and multi-asset funds attracted net sales of EUR20 billion and EUR11 billion, respectively. Bond funds experienced net outflows of EUR6 billion. Money market funds meanwhile recorded net outflows of EUR13 billion, compared to net outflows of EUR18 billion in Q2 2018.
AIFs net sales amounted to EUR37 billion in Q3 2018, up from EUR15 billion in Q2. Other funds, multi-asset funds and real estate funds registered net inflows of EUR30 billion, EUR10 billion and EUR6 billion, respectively. Equity funds, bond funds and money market funds recorded net outflows of EUR3 billion, EUR4 billion and EUR1 billion, respectively.
Total net assets of European investment fund industry increased 1.2 per cent to EUR16,032 billion at end Q3 2018. Net assets of UCITS increased by 1.1 per cent to EUR9,968 billion, while net assets of AIFs increased by 1.4 per cent to EUR6,064 billion.
During the first three quarters of 2018, UCITS and AIFs attracted net sales of EUR293 billion, compared to EUR759 billion in the same period of last year. UCITS attracted EUR189 billion in net new money, compared to EUR570 billion during the first three quarters of 2017, while AIFs attracted EUR104 billion in net new money, compared to EUR189 billion in the same period last year.
Bernard Delbecque (pictured), Senior Director for Economics and Research, says: “Trade tensions, pressure on interest rate and political uncertainty in Italy continued to dampen investor demand for UCITS in the third quarter of 2018.”

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
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