Net inflows for Ucits investment funds in Europe more than doubled in January when compared to a month earlier as investors regained trust in the economy and hoped that the interest rate peak was in sight. Money market funds and alternatives funds however experienced a surge in outflows.
Data reported by the European Fund and Asset Management Association, Efama, showed that net inflows for Ucits funds rose to 43 billion euro in January, compared to 16 billion in December of last year.
Outflows for MMFs and AIFs
Ucits Money Market Funds, MMF, however saw outflows surge to 12 billion euro in January compared to outflows of 4 billion in December. Alternative Investment Funds, AIFs, registered net outflows of 14 billion euro, compared to net inflows of 7 billion in December.
Overall, net sales of Ucits and AIFs stood at 29 billion euro in January, up from 23 billion euro a month earlier, according to Efama’s data. Total net assets of Ucits and AIFs increased by 2.8% in January to EUR 19,674 billion.
Long-term Ucits (excluding money market funds) registered net sales of 54 billion euro, up from 19 billion euro in December Net sales of equity funds amounted to 23 billion euro, up from 7 billion. Multi-asset funds recorded net inflows of 2 billion euro, compared to net outflows of 4 billion euro a month earlier.
Efama’s monthly data is based input from 29 European countries: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, and United Kingdom.