Sales of Ucits rebound in October - Efama data

Jonathan Boyd
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Sales of Ucits rebound in October - Efama data

The European Fund and Asset Management Association (Efama) says its latest monthly data points to a sharp rebound in net sales of Ucits and alternative investment funds in October, up to €43bn from €25bn in September.

Ucits alone saw net inflows of €42bn, up from €13b in September.

Excluding money market funds, long term Ucits saw net inflows of €37bn, up from €32bn in September.

Net sales of equity funds were €7bn (€4bn in September), bond funds €19bn (€17bn), and multi-asset funs €10bn (€9bn). 

Money market funds saw €5bn of net inflows, versus net outflows of €18bn in September.

Net inflows from alternative investment funds were €1bn versus €11b in September.

Total assets of Ucits and AIFs rose by 0.3% over the month to €17.282trn.

Bernard Delbecque, senior director for Economics and Research at Efama, said: "The rebound in net sales of Ucits equity funds was confirmed in October, against the backdrop of a more optimistic outlook on the US-China trade negotiations, and the agreement of a new Brexit deal."

 

Jonathan Boyd
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Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.

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