Slowdown in Ucits outflows

graph_up_downOutflows from Ucits funds slowed down in December as investor sentiment improved.

The European Fund and Asset Management Association (Efama) said net outflows from Ucits (excluding money market funds) fell from €29 billion in November to €7 billion in December.

Efama cited measures taken to support euro area banks and strengthen fiscal discipline as factors in boosting confidence.

Efama covers 24 trade associations representing more than 97% of total Ucits and non-Ucits assets.

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