Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

UCITS and AIF sales surge in Europe

Friday, June 09, 2017
Opalesque Industry Update - European funds industry maintains momentum in Q1 2017 with strong sales The European Fund and Asset Management Association (EFAMA) has today published its latest Quarterly Statistical Release describing the trends in the European investment fund industry in the first quarter of 2017.

The highlights of the developments in Q1 2017 include:

  • Net sales of UCITS and AIF reached EUR 262 billion, compared to EUR 120 billion in Q4 2016. The sharp increase was driven by strong net sales of UCITS bond, money market and multi-asset funds.

  • UCITS registered net sales of EUR 202 billion, compared EUR 78 billion in Q4 2016.

  • Long-term UCITS, i.e. UCITS excluding money market funds, recorded net sales of EUR 152 billion, compared to EUR 41 billion in Q4 2016. Bond funds enjoyed the largest net sales amongst the long-term categories, registering net sales of EUR 75 billion compared to EUR 15 billion in Q4 2016. Net sales of multi-asset funds recorded net sales of EUR 38 billion, compared to EUR 10 billion in Q4 2016. Equity funds recorded a net sales of EUR 29 billion, compared to EUR 13 billion in Q4 2016.

  • UCITS money market funds recorded net sales of EUR 51 billion, compared to EUR 37 billion in Q4 2016.

  • AIF net sales amounted to EUR 60 billion in Q1 2017, compared to EUR 42 billion in Q4 2016. The strong net sales of AIF are mainly due to a reversal in the net sales of bond funds flows (net inflows of EUR 11 billion compared to net outflows of EUR 2 billion in Q4 2016) and an increase in the demand for other AIF funds (EUR 35 billion compared to EUR 25 billion in Q4 2016).

  • European investment fund net assets increased 4.6% in Q1 2017 to EUR 14,795 billion. Net assets of UCITS increased 5.2% in Q1 2017 to EUR 9,112 billion, and total net assets of AIFs increased 3.7% to EUR 5,684 billion.

Bernard Delbecque, Senior director for Economics and Research and EFAMA commented: "The year 2017 began on a high note, with net sales of UCITS surpassing the EUR 200 billion mark in the first quarter."

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1