The European Fund and Asset Management Association (EFAMA) has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data of UCITS and AIFs for July 2020*.

Bernard Delbecque, Senior Director for Economics and Research commented: "Solid net inflows into long-term UCITS indicate overall investors confidence about the investment outlook in July, despite the risks posed by the COVID-19 crisis. At the same time, the sustained net inflows into money market funds confirm that a certain degree of caution prevailed among investors."

The main developments in July 2020 can be summarised as follows:

• Continued net sales of UCITS and AIFs totalling EUR 124 billion, up from EUR 108 billion in June.
   
• UCITS led this growth with recorded net inflows of EUR 109 billion, compared to EUR 100 billion in June 2020.
   
  • Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR 50 billion, slightly down from EUR 52 billion in June 2020.
     
    • Net sales of equity funds amounted to EUR 13 billion, down from EUR 17 billion in June 2020.
    • Bond funds recorded net inflows of EUR 22 billion, compared to EUR 30 billion in June 2020.
    • Multi-asset funds recorded net inflows of EUR 13 billion, up from EUR 3 billion in June 2020.
       
  • UCITS money market funds recorded net inflows of EUR 59 billion, compared to EUR 48 billion in June 2020.
     
• AIFs recorded net inflows of EUR 15 billion, up from EUR 7 billion in June 2020.
   
• Total net assets of UCITS and AIFs increased by 1.1% to EUR 17,352 billion.

* 29 associations across Europe representing 98 percent of total UCITS and AIF assets in Europe provided EFAMA with net sales data for the month of July 2020.

For media enquiries, please contact:

For Hume Brophy:

Kerri Anne Rice kerrianne.rice@humebrophy.com
Paul Andrieu paul.andrieu@humebrophy.com

For EFAMA:
info@efama.org

Notes to editors:

About the July Monthly EFAMA Investment Fund Industry Fact Sheet:
The Fact Sheet is published by EFAMA on a monthly basis and presents net sales and net assets data for UCITS and AIF provided by 29 national associations. The contributing national associations are: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, and United Kingdom.

About the European Fund and Asset Management Association (EFAMA):
EFAMA, the voice of the European investment management industry, represents 28 Member Associations, 60 Corporate Members and 23 Associate Members. At end Q2 2020, total net assets of European investment funds reached EUR 17.1 trillion. These assets were managed by almost 34,200 UCITS (Undertakings for Collective Investments in Transferable Securities) and more than 29,100 AIFs (Alternative Investment Funds). More information is available at www.efama.org.