News

European funds set for record year

Euro_signThe European funds industry is set this year to outperform its previous record year of 2015, according to figures published by the European Fund and Asset Management Association (EFAMA).

The association’s quarterly state of the industry report found that in the first three quarters of 2017, Ucits and alternative investment funds registered net sales of €761 billion.

This was higher than the total net sales of €457 billion for the whole of 2016 and puts 2017 on course to outperform the record-breaking year of 2015 when sales amounted to €763 billion.

The report also showed that the combined net sales of Ucits and alternative investment funds reached €246 billion in the third quarter of 2017, down from €249 billion in the second quarter.

Ucits funds registered net sales of €190 billion in the third quarter of 2017, up from €175 billion in the second quarter.

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