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Laxman Pai, Opalesque Asia: UCITS recorded net inflows of EUR100 billion ($ 118 billion) in June 2020, compared to EUR78 billion in May 2020, with Long-term UCITS (UCITS excluding money market funds) recording net inflows of EUR52 billion, up from EUR46 billion in May 2020.
According to the latest monthly Investment Fund Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA), net sales of UCITS and AIFs totaled EUR108 billion in June 202, up from EUR84 billion in May.
In the meantime, net sales of equity funds amounted to EUR17 billion, compared to EUR8 billion in May 2020, while bond funds recorded net inflows of EUR30 billion, down from EUR35 billion in May 2020, and multi-asset funds recorded net inflows of EUR3 billion, up from EUR2 billion in May 2020.
UCITS money market funds recorded net inflows of EUR48 billion, compared to EUR32 billion in May 2020, while AIFs recorded net inflows of EUR7 billion, compared to EUR6 billion in May 2020.
Total net ?€?assets of UCITS and AIFs increased by 1.8% to EUR 17,156 billion, said the press release.
Bernard Delbecque, Senior Director for Economics and Research, said: "Investor confidence further strengthened in June, maintaining the good momentum built in April and May and bringing net sales of UCITS to the EUR100 billion mark. In a challenging economic environment globally, these positive sales figures are a testament to UCITS' strength as trusted investment products for retail and ...................... To view our full article Click here
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