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Highest inflows in equity UCITS since February 2018 signal investors' return to confidence

Friday, January 24, 2020
Opalesque Industry Update - The European Fund and Asset Management Association (EFAMA) has published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data of UCITS and AIFs for November 2019.

Bernard Delbecque, Senior Director for Economics and Research commented: "Equity UCITS recorded their highest inflows since February 2018, helped by positive signs from the manufacturing sector in Europe and hopes of a trade deal between the US and China."

The main developments in November 2019 are as follows:

A 65% month-over-month net sales increase of UCITS and AIFs, totalling EUR 71 billion, up from EUR 43 billion in October. This was driven by stronger net sales of UCITS (EUR 58 billion, compared to EUR 42 billion in October), and AIFs (EUR 14 billion, compared to EUR 1 billion in October).

Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR 48 billion, up from EUR 37 billion in October.

After a particularly difficult year dominated by net outflows, equity funds registered their third monthly increase in net inflows in a row, with EUR 24 billion in November, up from EUR 7 billion in October.

Net sales of bond funds fell slightly, from EUR 19 billion in October to EUR 17 billion.

Multi-asset funds also experienced a small decline, to EUR 8 billion, down from EUR 10 billion in October.

UCITS money market funds recorded net inflows of EUR 10 billion, compared to net inflows of EUR 5 billion in October.

Total net assets of UCITS and AIFs increased by 1.9% to EUR 17,611 billion.

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