Monthly Industry Fact Sheet (September 09)

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23 associations representing more than 97 percent of total UCITS and non-UCITS assets at end September 2009 provided net sales and/or net assets data.   

The main developments in September in the reporting countries can be summarized as follows:

·      UCITS experienced net outflows of EUR 4 billion in September driven by a net outflow of EUR 25.2 billion from money market funds, reflecting a recurring rise in redemptions at the end of each quarter.

·      Long-term UCITS (UCITS excluding money market funds) saw net inflows of EUR 21.2 billion in September, thanks to net inflows into equity funds (EUR 7 billion), bond funds (EUR 7.1 billion) and balanced funds (EUR 6.7 billion).  

 ·     Net inflows to special funds reserved to institutional investors increased to EUR 8.4 billion in September, compared to EUR 2.8 billion in August.

·      Total assets of UCITS and non-UCITS increased in September by 1.5 percent, compared to end of August.

Investors continued to show appetite for long-term UCITS in September.  In the period from January to September 2009, total net sales of UCITS reached EUR 124 billion.  Taking into account net inflows into special funds and real estate funds, European funds enjoyed net inflows of EUR 149 billion during the first nine months of the year.