Today, EFAMA has published its latest Monthly Statistical Release for March 2025.

Hailin Yang, Senior Data Analyst at EFAMA, commented on the March 2025 figures: “ In March, net sales of all major long-term UCITS categories remained positive but slowed, reflecting investors’ cautious stance amid tariff uncertainty and global trade concerns. Short-term money market funds experienced net outflows.”

The main developments in March can be summarised as follows:

• UCITS and AIFs recorded net inflows of EUR 14 billion, a sharp drop from EUR 102 billion recorded in February 2025. 

• UCITS recorded net inflows of EUR 13 billion, compared to EUR 106 billion in February 2025.

  • Long-term UCITS (UCITS excluding money market funds) registered net inflows of EUR 33 billion, compared to EUR 80 billion in February 2025. Of these, ETF UCITS registered net inflows of EUR 31 billion, down from EUR 40 billion in February 2025.

    • Equity funds registered net inflows of EUR 17 billion, down from EUR 31 billion in February 2025.

    • Bond funds recorded net inflows of EUR 6 billion, compared to EUR 29 billion in February 2025.

    • Net inflows into multi-asset funds remained positive at EUR 2 billion, but fell from EUR 12 billion in February 2025. 

  • UCITS money market funds registered net outflows of EUR 20 billion, compared to net inflows of EUR 26 billion in February 2025. 

• AIFs recorded net inflows of EUR 1 billion, compared to net outflows of EUR 3 billion in February 2025.

• Total net assets of UCITS and AIFs decreased by 3.5% to EUR 23.2 trillion.

-ENDS-

Notes to editors

About the 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 AIFs for 29 European countries: 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.

For further information, please contact:

Hayley McEwen

Head of communication & membership development