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Net sales of Ucits funds peaked in January

Ucits funds peakNet sales of Ucits funds reached a 13-month high of €125 billion in January, according to figures from the European Fund and Asset Management Association (Efama).

The figure was over four times the €29 billion of sales in December (which saw the lowest sales in the whole of last year) and well above the €83 billion of sales recorded in July 2017 – which saw the best sales in the whole of 2017.

According to Efama, the high sales in January stem from particularly strong demand for equity funds.

Other notable developments in January include:

     •  net sales of Ucits and alternative investment funds totalled €142 billion, up from €28 billion in December 2017;

     •  long-term Ucits funds (excluding money market funds) recorded net sales of €88 billion, up from €49 billion in December 2017;

     •  net sales of equity funds totalled €48 billion, up from €15 billion in December 2017;

     •  net sales of bond funds totalled €20 billion, up from €18 billion in December 2017;

     •  net sales of multi-asset funds totalled €17 billion, up from €16 billion in December 2017;

     •  Ucits money market funds saw a reversal in flows, increasing from net outflows of €21 billion in December 2017 to net inflows of €38 billion in January 2018;

     •  alternative investment funds recorded net sales of €17 billion, up from sales close to zero in December 2017;

     •  total net assets of Ucits and alternative investment funds totalled €15,927 billion at the end of January 2018, compared to €15,696 billion at the end of December 2017.

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