Fund flows: UCITS and AIF funds attract lots of fresh money

The European Fund and Asset Management Association (EFAMA) has today published its latest monthly Investment Fund Industry Fact Sheet, providing data on net sales of UCITS and AIFs sold in June 2021, at a European level and by fund domicile.

Bernard Delbecque, Senior Director of Economics and Research at EFAMA, said in the paper: “Despite the rapid spread of the Delta variant, net sales of equity UCITS held up well in June, supported by investor confidence in the effectiveness of the Covid-19 vaccination campaign and the strong economic recovery.”

Summary

The main developments in June 2021 can be summarised as follows:

• Net sales of UCITS and AIFs totalled EUR 75 billion, up from EUR 64 billion in May 2021.
• UCITS recorded net inflows of EUR 60 billion, down from EUR 55 billion in May 2021.
• Long-term UCITS (UCITS excluding money market funds) recorded net sales of EUR 72 billion, down from EUR 64 billion in May 2021.
• Equity funds recorded net sales of EUR 38 billion, down from EUR 29 billion in May 2021.
• Bond funds recorded net inflows of EUR 13 billion, down from EUR 15 billion in May 2021.
• Multi-asset funds recorded the same level of net inflows as in May (EUR 17 billion).
• UCITS money market funds recorded net outflows of EUR 12 billion, compared to net outflows of EUR 8 billion in May 2021.
• AIF recorded net inflows of EUR 15 billion, down from EUR 8 billion in May 2021.
• Total net assets of UCITS and AIFs increased by 2.2 per cent to EUR 20,477 billion.

Read the full report here.