Sales of long-term Ucits rise in February due to buoyant markets

AnalyticsThe net sale of long-term Ucits rose to €87 billion in February according to the latest report by the European Fund and Asset Management Association (Efama), a €4 billion rise from January.

In addition, long-term Ucits, which are Ucits excluding money market funds, registered net inflows of €71 billion in February, up from €55 billion in January.

Efama also found that bond funds posted a rise in net sales in February, up to €26 billion compared to €18 billion the previous month. Equity fund sales were also up in February, enjoying a €5 billion increase to €14 billion since January.

Although money market funds registered a second consecutive month of positive net sales in February of €16 billion, in January the sales totaled €28 billion.

Total non-Ucits net sales remained relatively steady in February at €21 billion, compared to €22 billion in January, while total net assets of Ucits stood at €8,784 billion at the end February 2015, representing a 4.2% increase during the month.

Overall the total net assets of the European investment fund industry stood at €12,251 billion at the end of February 2015.

“Rising stock markets and lower interest rates in the euro area in February supported increased net sales of long-term Ucits during the month,” says Bernard Delbecque, director of economics and research at Efama.

The data comes from 27 associations representing more than 99.6% of total Ucits and non-Ucits assets, at the end of February 2015.

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