ETFs show sustained demand in September 2023

Ucits and alternative investment funds (AIFs) recorded net outflows of €13 billion, compared to net inflows of €22 billion in August, according to European Fund and Asset Management Association (Efama) data. 

The data is from Efama’s latest monthly Ivestment Fun Industry Fact Sheet providing net sales data on Ucits and AIFs for September 2023 at the European level and by country of fund domiciliation.

Ucits reported net outflows worth €11 billion, compared to net inflows of €  20 billion in August. Long-term Ucits (Ucits excluding money market funds) experienced net outflows of €15 billion, compared to net outflows of €4 billion in August.

Equity funds recorded net outflows of €5 billion, compared to net outflows of €2 billion in August. Bond funds registered net inflows of €3 billion, up from €2 billion in August. Multi-asset funds recorded net outflows of €12 billion, compared to net outflows of €5 billion in August.

Ucits money market funds recorded net inflows of €4 billion, down from € 24 billion in August. AIFs registered net outflows of €2 billion, compared to net inflows of €2 billion in August. Total net assets of Ucits and AIFs decreased by 1.1% in September, reaching €19,762 billion.

Bernard Delbecque, senior director for economics and research at EFAMA, commented: “The trend toward ETFs continued in September despite investors’ concerns about the global economic outlook, which adversely affected the demand for equity and multi-asset Ucits.”

© 2023 funds europe

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