europes ucits funds post inflows in q3

However, bond funds registered their first collective net outflows for the first time since 2011,  amounting to €12bn, a fact EFAMA attributed to “uncertainty about bond market developments” during the quarter.

Net inflows into UCITS (Undertakings for Collective Investments in Transferable Securities) funds across the European Union totalled €34bn in the quarter ended on 30 Sept, from €12bn in the three months to the end of June.  

So-called long-term UCITS – that is, UCITS excluding money market funds – registered net inflows of €43bn in the third quarter, down 33% from the previous quarter’s  €65bn.

Net sales of equity funds, meanwhile, saw a return to positive territory in the three months ending in September, with inflows of €30bn. This followed a quarter of outflows of €9bn.

Other key flow data, according to EFAMA:

• Net inflows to balanced funds continued to attract strong net inflows (€20bn), although this was down  28%, from €28bn, in the second quarter, EFAMA noted
• Outflows from money market funds fell to a sixth of what they were in the second quarter, to €9bn from €53bn 
• Total net assets of UCITS grew by 3% during the third quarter to stand at €6.69trn at the end of September, with net assets of equity funds showing  the greatest asset increase (7.8%)  

EFAMA is the representative association for Europe’s investment management industry. Its 27 member associations and 60 corporate members account for about €15trn in assets under management, of which €9.2trn was being managed by more than 55,000 investment funds at the end of June. Of this amount, around 65% were UCITS funds.

Source: EFAMA