Ucits and AIF sales boosted in April despite equities outflows

Ucits and AIF sales riseNet sales of Ucits and alternative investment funds (AIFs) saw a boost in April, totalling €43 billion – up €6 billion from the previous month.

Overall inflows into Ucits reached €27 billion (up from €13 billion in March) despite net outflows of €12.7 billion from equity funds due to investors’ concerns over the global economic outlook.

“Despite encouraging economic data and stock market gains, equity Ucits funds continued to suffer net outflows in April, which suggests that investors remained concerned about the global economic outlook,” said Bernard Delbecque, senior director for economics and research at the European Fund and Asset Management Association (Efama).

Equity funds still fared better than in March, however, which saw investors pulling out €23 billion from the asset type, according to Efama’s latest investment fund industry fact sheet.

Bond funds net sales dropped to €25 billion in April, down from €43 billion in March, while multi-asset funds recorded net inflows of €4 billion, compared to outflows of €2 billion the previous month.

Ucits money market funds also saw a flow reversal, with inflows of €13 billion, compared to €2 billion of redemptions in March.

The same goes for AIFs, with net inflows of €17 billion, compared to net outflows of €8 billion in March.

Total net assets of Ucits and AIFs increased by 1.5% to €16.6 billion throughout the month, according to Efama.

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