Monthly Indsutry Fact Sheet (November 09)

Click here to get the files

Long-term UCITS funds - UCITS excluding money market funds - attracted EUR 19 billion of net inflows in November.

The European fund industry enjoyed stable net inflows for the eighth consecutive month as investors remained confident about the ongoing economic recovery. For the first eleven months of 2009 UCITS and non-UCITS funds enjoyed net inflows of EUR 171 billion.

23 national fund and asset management associations, representing more than 97 percent of total UCITS and non-UCITS assets at the end of November 2009, provided EFAMA with net fund product sales and/or net assets data.

The main developments in November in the reporting countries can be summarised as follows:

Net inflows into UCITS funds remained stable in November, totalling EUR 7 billion compared to EUR 8 billion in October.

Equity, bond, balanced and other UCITS continued to attract net new money, albeit slightly less than in October.  As a result, net inflows into long-term UCITS slowed to EUR 19 billion, compared to EUR 27 billion in October.

Net withdrawals from money market funds persisted, albeit at a slower pace (EUR 12 billion in November compared with EUR 18 billion in October), as investors made new allocations in the search for higher return investments.

Net inflows to special funds reserved to institutional investors increased to EUR 4 billion in November, compared to EUR 1 billion in October.

Total assets of UCITS and non-UCITS increased by 0.6 percent in November, compared to the end of October.