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Laxman Pai, Opalesque Asia:

Net sales of UCITS and alternative investment funds (AIFs) amounted to EUR221bn in 2018, compared to EUR940bn in 2017, according to The European Fund and Asset Management Association (EFAMA).

EFAMA also found UCITS net sales reached EUR115bn, compared to EUR738bn in 2017, EFAMA said its latest Investment Fund Industry Fact Sheet.

Long-term UCITS net sales totaled EUR125bn, compared to EUR669bn in 2017 and equity funds recorded net inflows of EUR108bn, down from EUR158bn in 2017.

AIFs recorded net sales of EUR105 bn compared to EUR202 bn in 2017, while net assets of UCITS and AIF decreased by 2.7% to EUR15,204bn, a difference from EUR15,625bn at end 2017, said EFAMA.

Thomas Tilley, Senior Economist commented: "The political uncertainties and stock market volatility that characterized 2018, culminated in December and caused further net outflows from UCITS."

2018 was a challenging year for the investment fund industry, it said. "The US global trade war, Brexit, political uncertainties in Europe, monetary policy tightening and concerns about economic growth led to stock market volatility and investor nervousness. This resulted in a sharp decline in net sales of UCITS and AIFs and a small decline in net assets of UCITS and AIFs," the report said.

AIFs also suffered from a decline in net inflows compared to 2017, albeit less marked than for UCITS. This confirms that alternative investment funds benefit from sustained demand from i......................

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