The European funds industry started the first quarter of 2017 on a strong note with net sales of Ucits and alternative investment funds reaching €262 billion.
This figure compared to €120 billion in the fourth quarter of 2016, according to the European Fund and Asset Management Association (Efama).
The increase was driven by strong net sales of bond, money market and multi-asset funds.
Ucits registered net sales of €202 billion, compared to €78 billion in Q4 2016, while long-term Uctis (which excludes money market funds) recorded net sales of €152 billion, compared to €41 billion in Q4 last year.
Some of the headline net sales figures (compared to Q4 last year) were:
- Bond funds €75 billion (€15 billion)
- Multi-asset funds €38 billion (€10 billion)
- Equity funds €29 billion (€13 billion)
- Money market funds €51 billion (€37 billion)
- Alternatives €60 billion (€42 billion)
The strong net sales of alternative investment funds were mainly due to a reversal in the net flows of bond fund flows, which went from outflows of €2 billion in Q4 last year, to net inflows of €11 billion.
©2017 funds europe