EFAMA hails 'resilient' UCITS through early phase of crisis

The European Fund and Asset Management Association (EFAMA), today published its first Market Insights report along with its Investment Fund Industry Fact Sheet for March 2020.  The covid-19 pandemic significantly impacted financial markets. Stock markets across the world suffered a steep decline driven by lower economic growth and corporate profits. As anticipated, the crisis caused substantial net outflows from UCITS in March (€313bn). However, as a percentage of net assets, these outflows were no higher than in October 2008, at the height of the global financial crisis (2.9%).  D...