Today, EFAMA has published its latest Monthly Statistical Release for April 2025.
Thomas Tilley, Senior Economist at EFAMA, commented on the April 2025 figures: “Net sales of long-term UCITS turned negative in April, for the first time since October 2023, as the escalating trade turmoil prompted investors to move out of bond UCITS and into MMFs. Equity UCITS did continue to see positive net sales, driven by sustained net inflows into ETFs. However, investors disinvested from US-focused ETFs, while investments in European and global ETFs remained resilient.”
The main developments in April can be summarised as follows:
UCITS and AIFs recorded net inflows of EUR 58 billion, up from EUR 15 billion recorded in March 2025.
UCITS recorded net inflows of EUR 47 billion, up compared to EUR 14 billion in March 2025.
Long-term UCITS (UCITS excluding money market funds) registered net outflows of EUR 6 billion, compared to net inflows of EUR 34 billion in March 2025. Of these, ETF UCITS saw net inflows of EUR 16 billion, down from EUR 31 billion in March 2025.
Equity funds registered net inflows of EUR 16 billion, slightly down from EUR 17 billion in March 2025.
Bond funds recorded net outflows of EUR 21 billion, a sharp reversal from net inflows of EUR 7 billion in March.
Multi-asset funds recorded net outflows of EUR 2 billion, compared to net inflows of EUR 2 billion in March 2025.
UCITS money market funds registered strong net inflows of EUR 53 billion, a sharp rebound from net outflows of EUR 20 billion in March 2025.
AIFs recorded net inflows of EUR 11 billion, compared to EUR 1 billion in March 2025.
Total net assets of UCITS and AIFs decreased by 1.5% to EUR 22.9 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
