The European Fund and Asset Management Association (EFAMA) has today published its latest Investment Funds Industry Fact Sheet, which provides net sales of UCITS and non-UCITS for November 2015. 27 associations representing more than 99 percent of total UCITS and AIF assets provided us with net sales data.
The main developments in November 2015 can be summarized as follows:
- Net sales of UCITS increased to EUR 55 billion, up from EUR 51 billion in October. The increase in UCITS net sales can be attributed to a rise in net inflows into money market funds.
- Long-term UCITS (UCITS excluding money market funds) registered net sales of EUR 27 billion, down from EUR 28 billion in October.
- Equity funds registered EUR 17 billion in net sales, down from EUR 19 billion in October.
- Bond funds suffered from net outflows of EUR 2 billion, compared to net inflows of EUR 0.3 billion in October.
- Multi-asset funds finished the quarter with net sales of EUR 10 billion, up from EUR 8 billion in October.
- UCITS money market funds experienced an increase in net inflows to EUR 28 billion, from EUR 23 billion registered in October.
- Total AIF registered net inflows of EUR 9.5 billion, down from EUR 12.5 billion in October.
- Net assets of UCITS stood at EUR 8,430 billion at end November 2015, an increase of 2.5 percent during the month, while net assets of AIF increased 1.5 percent to stand at EUR 4,467 billion at month end. Overall, total net assets of the European investment fund industry increased 2.2 percent to stand at EUR 12,897 billion at end November 2015.
Bernard Delbecque, Director of Economics and Research at EFAMA, commented: “Net sales of UCITS remained sustained in November, which suggests that investors were still confident about economic outlook late last year.”
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