Opalesque Industry Update - The European Fund and Asset Management Association (EFAMA), has published its latest Quarterly Statistical Release describing the trends in the European investment fund industry in the third quarter of 2019. Highlights on the developments during the third quarter include: Total net assets of UCITS and AIFs increased by 3.8 percent with EUR 17.2 trillion
UCITS and AIFs recorded net sales of EUR 190 billion, compared to EUR 87 billion in the second quarter
Net outflows from equity funds slowed down to EUR 12 billion, compared to EUR 32 billion in the second quarter
The bond fund rally continued
Demand for money market funds significantly strengthened Bernard Delbecque, Senior Director for Economics and Research commented: "The sustained high level of net sales of bond funds can be explained by the shift towards more accommodative monetary policies and the market's assessment that this stance will be necessary for a prolonged period. This happened in the context of lower net outflows from equity funds, which suggests that investor confidence in the recovery of future economic growth started to strengthen during the third quarter." The Report is presented in a new format, which focuses on the developments in the fund industry at the European level, commenting on the factors explaining these developments and presenting charts to highlight the trends in net assets and net sales by major fund category. The Report also introduces a new section providing information on the owners of investment funds in Europe and their net purchases of funds since Q1 2018. It is also complemented by an annex providing fund data by country of domiciliation.
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Industry Updates
Sustained high level of net sales of European bond funds in Q3 2019
Monday, December 16, 2019
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