EFAMA: ‘Record UCITS sales growth in 2015’
European investment funds saw record sales growth of €725bn in 2015, according to the latest statistics from European Fund and Asset Management Association.
That translated to a annual growth rate of 11%, bringing total assets under management in the European investment fund industry to €12trn. Thirteen countries recorded asset growth above 10%.
The figures, however, only go up to the end of 2015, and therefore do not take into account the share market slumps of early 2016, which will have had a substantial negative effect on the value of assets under management in equity funds.
UCITS AUM increases by 13%
In 2015, UCITS sales reached €573bn, bringing AUM to €8.168trn, a 13% increase. EFAMA said this represents record demand for UCITS.
Long-term UCITS accounted for the majority of sales, seeing net inflows of €496bn, compared to €479bn in 2014.
Of the asset classes, multi-asset funds saw the biggest inflows (€236bn) followed by equities (€134bn). Equity fund inflows were the highest since 2000, EFAMA said.
Bond funds, however, saw reduced inflows (€83bn) compared with 2014.
Alternative investment funds, meanwhile, saw net sales of €152bn, taking overall AUM to €4.412trn, an 8.3% increase.
EFAMA said it was the first time since 2008 that money market funds ended a year with positive net inflows (€77bn).