Improved sentiment sees strong Ucits sales

Mixed-chartUcits funds experienced net inflows in January of €25 billion, figures out today show.

This meant January was the first month to see net inflows since May 2011, according to the European Fund and Asset Management Association (Efama), which provided the data.

Excluding money market funds, net sales of Ucits in January saw a record €19 billion against net outflows of €7 billion in December.

Bernard Delbecque, director of economics and research at Efama, said: "2012 began on a note of cautious optimism as the monetary policy measures taken by the ECB in December coupled with encouraging macroeconomic data from the United States helped strengthen investor sentiment prompting a return to long-term funds."

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