​For immediate release                                                                             

Investor confidence in Q2 results in sharp rebound in sales of UCITS

​Brussels, 8th September 2020The European Fund and Asset Management Association (EFAMA) has today published its Quarterly Statistical Release describing the trends in the European investment fund industry in the second quarter of 2020 with key data and indicators for each EFAMA member countries. 

Bernard Delbecque, Senior Director for Economics and Research at EFAMA commented:

“The substantial monetary and fiscal stimulus packages taken in response to Covid-19 and the easing of lockdown measures boosted investor confidence in the second quarter, which led to a sharp rebound in sales of UCITS." 

This Quarterly Statistical Release also provides information on the owners of investment funds in Europe and their net purchases of funds during the first quarter of 2020.  

Highlights of developments in Q2 2020: 

  • Net assets of UCITS and AIFs bounced back strongly, crossing the EUR 17 trillion threshold again.
     
  • Net sales UCITS rose to EUR 272 billion, a level not seen since Q1 2015.
     
  • All main categories of long-term UCITS recorded net inflows.  On the other hand, AIF equity, bond and multi-assets funds suffered net outflows.
     
  • Money market funds attracted EUR 136 billion in net new money, the largest inflow ever observed on a quarterly basis.
     
    - ENDS -

    *Please see the accompanying attachment for the EFAMA Quarterly Statistical Release (Q2 2020)

    For media enquiries, please contact:

    Hume Brophy: Kerri – Anne Rice (kerrianne.rice@humebrophy.com) or Paul Andrieu (paul.andrieu@humebrophy.com) 

    EFAMA: info@efama.org 

    Notes to editors:

    About the European Fund and Asset Management Association (EFAMA):

    EFAMA, the voice of the European investment management industry, represents 28 member associations and 59 corporate members. At the end of Q1 2020, total net assets of European investment funds reached EUR 15.7 trillion.  These assets were managed by more than 34,250 UCITS (Undertakings for Collective Investments in Transferable Securities) and 29,000 AIFs (Alternative Investment Funds).  More information available at www.efama.org.