Bond funds reach highest monthly net sales ever in March 2017

The European Fund and Asset Management Association (EFAMA) has published its latest Investment Funds Industry Fact Sheet, which provides net sales of UCITS and AIFs for March 2017.  29 associations representing 99 percent of total UCITS and AIF assets provided us with net sales data.

The main developments in March 2017 can be summarized as follows:

  • Net inflows into UCITS and AIF totaled EUR 99 billion, compared to EUR 69 billion in February.
  • UCITS registered net inflows of EUR 87 billion, up from EUR 45 billion in February.

Long-term UCITS (UCITS excluding money market funds) recorded net sales of EUR 60 billion, compared to EUR 52 billion in February.

  • Net sales of equity funds fell to EUR 10 billion, from EUR 13 billion in February.
  • Net sales of bond funds increased to EUR 32 billion, from 22 billion in February.
  • Net sales of multi-asset funds remained at the same level as in February (EUR 13 billion).
  • UCITS money market funds recorded net inflows of EUR 27 billion, compared to net outflows of EUR 7 billion in February.

 

  • AIF recorded net sales of EUR 12 billion, compared to EUR 25 billion in February. 
  • Total net assets of European investment funds increased to EUR 14,856 billion at end March, compared to EUR 14,687 at end February and EUR 14,141 billion at end 2016. 

Bernard Delbecque, Senior Director for Economics and Research at EFAMA commented: “The upward trend in net sales of UCITS continued in March thanks to bond funds, which enjoyed their highest monthly net sales ever at a time when investors are looking for return without increasing their exposure to equity markets too much.”