Ucits sales hint at return of confidence

graph up downNet sales of Ucits funds in the first quarter of the year were two-thirds higher than in the previous three months, hinting at a return of investor confidence. The net inflow of €130 billion into Ucits funds was the highest quarterly total since the first quarter of 2006, according to figures from the European Fund and Asset Management Association. Equity funds attracted €44 billion in net new money in the quarter, up from €30 billion in the prior three months. Bond funds took in the same amount, €44 billion, but this was a decline from the previous quarter, when €61 billion of net new money flowed into bond funds. The association suggests the inflows reflect the strong start to the year seen by equity markets around the world. “Strong net sales of equity funds, coupled with strong demand for balanced funds during the quarter highlights investors increasing risk appetite,” says the association. ©2013 funds europe

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