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Highlights of the developments during the second quarter and first half of 2018 include:

UCITS and AIFs recorded net sales of EUR 28 billion in Q2 2018, compared to EUR 222 billion in Q1.

- Multi-asset funds and other funds registered net inflows of EUR 25 billion and EUR 30 billion, respectively.

- Equity, bond and money market funds recorded net outflows of EUR 0.3 billion, EUR 7 billion and EUR 19 billion, respectively.

UCITS registered net sales of EUR 15 billion in Q2 2018, compared to EUR 171 billion in Q1.

-Long-term UCITS, i.e. UCITS excluding money market funds, recorded net inflows of EUR 33 billion in Q2. Multi-asset and equity funds attracted net sales of EUR 26 billion and EUR 10 billion, respectively. Bond funds experienced net outflows of EUR 1 billion.

-Money market funds recorded net outflows of EUR 18 billion, compared to net outflows of EUR 2 billion in Q1 2018.

AIFs net sales amounted to EUR 12 billion in Q2 2018, down from EUR 52 billion in Q1.

-Equity funds, bond funds and multi-asset funds recorded net outflows of EUR 10 billion, EUR 6 billion and EUR 1 billion, respectively.

-Other funds and real estate funds registered net inflows of EUR 21 billion and EUR 11 billion, respectively.

Total European investment fund net assets increased by 1.6% in Q2 2018 to reach EUR 15,788 billion at end June.

-Net assets of UCITS increased by 1.5% to EUR 9,824 billion.

-Net assets of AIFs increased by 1.6% to EUR 5,965 billion.

During the first half of 2018, UCITS and AIFs attracted net sales of EUR 250 billion, compared to EUR 514 billion in the same period last year.

-UCITS attracted EUR 186 billion in net new money, compared to EUR 379 billion in the first half of 2017.

-AIFs attracted EUR 64 billion in net new money, compared to EUR 135 billion in the first half of 2017.

Bernard Delbecque, Senior Director for Economics and Research commented: "Following a good start of the year, net sales of UCITS and AIF plunged during the second quarter as a result of growing volatility in the financial markets and increased uncertainty and concerns about trade policy and international relations."