|
Laxman Pai, Opalesque Asia: The European Fund and Asset Management Association's (EFAMA) Quarterly Statistical Release for the first quarter of 2019 reports a strong increase in net assets of UCITS and AIFs, driven by the rebound of financial markets.
Net assets of UCITS increased by 7.8% to EUR10,004bn, while net assets of AIFs increased by 6.4% to EUR6,247bn, said the report.
It reported a sharp increase in the demand for bond funds in response to a move towards more dovish monetary policy in Europe and the United States.
Net sales of UCITS and AIF bond funds sales turned positive in Q1 2019, with net inflows of EUR82bn, compared to net outflows of EUR48bn in Q4 2018.
Net sales of UCITS bond funds recorded net inflows of EUR79bn, compared to net outflows of EUR46bn in Q4 2018, said the report.
Meanwhile, AIF bond funds saw a reversal in flows, from net outflows of EUR2bn in Q4 2018 to net inflows of EUR3bn in Q1 2019.
A downward trend in net sales of equity funds in face of weaker economic growth as net sales of UCITS and AIF equity funds recorded net outflows of EUR 38bn, compared to net inflows of EUR3bn in Q4 2018.
UCITS equity funds recorded net outflows of EUR27bn, compared to net outflows of EUR7bn in Q4 2018 and AIF equity funds registered net outflows of EUR11bn, compared to net inflows of EUR4bn in Q4 2018?€?, said the report.
Bernard Delbecque, Senior Director for Economics and Research said: "After the challenges the industry ...................... To view our full article Click here
|
RSS
