European funds surpass €20trn net assets for historic first time

clock • 1 min read
European funds surpass €20trn net assets for historic first time

Assets held in UCITS and AIFs have exceeded €20trn for the first time ever, according to the latest monthly data from the European Fund and Asset Management Association (EFAMA). Net assets increased by 0.8% to €20.04trn in May, driven by strong sales of equity and multi-asset funds in the month. Thomas Tilley, senior economist, said: "Net assets of UCITS and AIFs breached the €20 trillion threshold for the first time ever in May, thanks to solid net sales and the strong performance of g...

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