The European Fund and Asset Management Association, Efama, says net sales of Ucits and AIFs hit an 18-month high in July, with bond funds leading the way.
The Efama data, which represents 98% of Ucits and AIF assets across the region, suggested net sales totalled €94bn through the month - up from €23bn in June.
Of this total, Ucits accounted for net sales of €86bn, significantly up from the €7bn of inflows seen in June.
Bond funds accounted for a significant share of these inflows (€39bn), with multi-assset fund inflows reaching €4bn, while equity funds experienced net outflows of €1bn. Money market funds experienced inflows of €46bn compared to net outflows of €12bn in June.
AIFs saw net inflows of €8bn, down from €17bn in June.
Total net assets of Ucits and AIFs rose by 1.8% through July, to €16.904trn.
Bernard Delbecque, senior director for Economics and Research at Efama, said: "Net sales of Ucits were strong in July. This was driven primarily by high demand for bond funds as investors continue to anticipate further monetary stimulus; and for money market funds, which offer investors a good place to invest cash holdings in times of uncertainty."