The European Fund and Asset Management Association (EFAMA) has today published its latest monthly Investment Fund Industry Fact Sheet, which provides data on UCITS and AIFs sold in March 2021, at European level and by country of fund domiciliation.
Bernard Delbecque, Senior Director for Economics and Research commented: “Net sales of equity UCITS remained exceptionally strong in March, whereas demand for bond UCITS fell to its lowest levels since March 2020, primarily due to rising inflation expectations and bond yields.”
The main developments in March 2021 can be summarised as follows:
- Net sales of UCITS and AIFs totalled EUR 78 billion, up from EUR 38 billion in February.
- UCITS recorded net inflows of EUR 69 billion, compared to EUR 34 billion in February.
- Long-term UCITS (UCITS excluding money market funds) recorded EUR 71 billion of net sales, down from EUR 88 billion in February.
- Equity funds recorded net sales of EUR 56 billion, up from 52 billion in February.
- Net sales of bond funds dropped to roughly zero, compared to net sales of EUR 22 billion in February.
- Multi-asset funds recorded net inflows of EUR 13 billion, up from EUR 10 billion in February.
- UCITS money market funds recorded net outflows of EUR 2 billion, compared to net outflows of EUR 54 billion in February.
- AIFs recorded net inflows of EUR 8 billion, up from EUR 4 billion in February.
- Total net assets of UCITS and AIFs increased by 2.9% to EUR 19,663 billion.
– Ends –
*29 associations across Europe representing 98 percent of total UCITS and AIF assets in Europe provided EFAMA with net sales data for the month.
Please see the accompanying attachment for the EFAMA Investment Fund Industry Fact Sheet March and the ‘Notes to editors’ section for further information on how the Fact Sheet is produced.
Notes to editors:
For further information, please contact:
Head of Communications
+32-2-473 562 936
About the March Monthly EFAMA Investment Fund Industry Fact Sheet:
The Fact Sheet is published by EFAMA monthly 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, 58 corporate members and 24 Associate Members. At end Q4 2020, total net assets of European investment funds reached EUR 18.7 trillion. These assets were managed by more than 34,300 UCITS (Undertakings for Collective Investments in Transferable Securities) and almost 29,700 AIFs (Alternative Investment Funds). At the end of Q2 2020, asset managed by European asset managers as investment funds and discretionary mandates amounted to an estimated EUR 24.9 trillion. More information available at www.efama.org.