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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. ...................... To view our full article Click here
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