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Opalesque Industry Update - EFAMA has published its latest Monthly Statistical Release for May 2024. Thomas Tilley, Senior Economist at EFAMA, commented: "May 2024 saw net sales of equity UCITS rise to a 35-month high thanks to strong net inflows into equity ETFs and a rebound in non-ETF equity funds." The main developments in May can be summarised as follows: UCITS and AIFs recorded net inflows of EUR 37bn, down from EUR 42bn in April. UCITS attracted net inflows of EUR 35bn, comparable to EUR 35bn in April. Long-term UCITS (UCITS excluding money market funds) saw net inflows of EUR 47bn, up from EUR 21bn in April. Equity funds registered net inflows of EUR 26bn, compared to net outflows of EUR 1bn in April. Bond funds experienced net inflows of EUR 21bn, down from EUR 27bn in April. Multi-asset funds continued to suffer from net outflows (EUR 0.3bn), compared to net outflows of EUR 7bn in April. UCITS money market funds registered net outflows of EUR 12bn, compared to net inflows of EUR 14bn in April. UCITS ETFs recorded net inflows of EUR 26bn, doubling from EUR 13bn in April. AIFs recorded net inflows of EUR 2bn, compared to EUR 7bn in April. Total net assets of UCITS and AIFs increased by 1.3%, to EUR 21,735bn.
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Industry Updates
Net sales of equity UCITS reached a 3-year high in May
Wednesday, July 24, 2024
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