Net sales of UCITS and alternative investment funds (AIFs) amounted to EUR221bn in 2018, compared to EUR940bn in 2017, according to The European Fund and Asset Management Association (EFAMA).

EFAMA also found UCITS net sales reached EUR115bn, compared to EUR738bn in 2017, EFAMA said its latest Investment Fund Industry Fact Sheet.

Long-term UCITS net sales tota