Today, EFAMA has published its latest Monthly Statistical Release for May 2026.

Savvas Antoniou, Research Officer at EFAMA, commented on the May 2026 figures: “In May, net sales of long-term UCITS remained robust, as strong global equity market performance provided a favourable backdrop. Nevertheless, lingering uncertainty over geopolitics, monetary policy, and the economic outlook, continued to weigh on investors who stayed cautious in their allocation, contributing to elevated net inflows into bond funds.”   

The main developments in May can be summarised as follows:

• UCITS and AIFs recorded net inflows of EUR 94 billion, down from EUR 100 billion recorded in April 2026.

• UCITS recorded net inflows of EUR 79 billion, down from EUR 104 billion in the previous month.

  • Long-term UCITS (UCITS excluding money market funds) saw stable net inflows of EUR 70 billion, as in January. Of these, ETF UCITS attracted EUR 39 billion in net inflows, marginally higher from EUR 38 billion in April.

    • Equity funds registered net inflows of EUR 18 billion, down from EUR 28 billion in April 2026.

    • Bond funds recorded net inflows of EUR 35 billion, up from EUR 23 billion in April 2026.

    • Multi-asset funds recorded net inflows of EUR 13 billion, the same level as in the last month 

• UCITS money market funds saw net inflows of EUR 9 billion, down from EUR 34 billion in April 2026.

• AIFs recorded net inflows of EUR 15 billion, up from net ouflows of EUR 4 billion in April 2026. 

• Total net assets of UCITS and AIFs increased by 3.3% month-on-month, reaching EUR 27.2 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