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Alternative Market Briefing

Europe: UCITS and AIFs net sales sharply rebound in October

Tuesday, December 24, 2019

Laxman Pai, Opalesque Asia:

The European Fund and Asset Management Association (Efama) posted its latest monthly data which shows a sharp rebound in net sales of UCITS and alternative investment funds (AIFs) in October, up to €43bn ($48bn) from €25bn in September.

UCIT funds registered net inflows of €42bn, compared to €13bn in September. Long-term UCITS (UCITS excluding money market funds) recorded net inflows of €37bn, up from €32bn in September.

Long-term UCITS (UCITS excluding money market funds) recorded net inflows of €37bn, up from €32bn in September.

Equity funds registered net inflows of €7bn, compared to €4bn in September. Net sales of bond funds increased to €19bn, up from €17bn in September. Multi-asset funds recorded net inflows of €10bn, up from €9bn in September.

UCITS money market funds recorded net inflows of €5bn, compared to net outflows of €18bn in September.

AIFs registered net inflows of €1bn, compared to €11bn in September. Total net assets of UCITS and AIFs increased by 0.3 percent to €17,282bn.

Bernard Delbecque, senior director for Economics and Research at Efama, said: "The rebound in net sales of Ucits equity funds was confirmed in October, against the backdrop of a more optimistic outlook on the US-China trade negotiations, and the agreement of a new Brexit deal."

Twenty-nine associations across Europe representing 98 percent of total UCITS and AIF assets in Europe provided EFAMA with net sales data for October 2019.

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