Fund investors tilted towards equities in September

Equity and alternative funds saw sales increase last month while bond and money market fund sale dropped.

Fund investors increased their exposure to equities in September, with net sales of €2 billion, according to the European Fund and Asset Management Association. The figure compares to €1 billion of net sales in August.

A sharp increase was seen in sales of alternative funds: net inflows were €20 billion in September, up from €4 billion the month before.

Net sales of bond funds fell from €25 billion in August to €16 billion in September.

Money market funds marketed under Ucits regulations saw net sales fall from €18 billion in August to €2 billion in September.

Overall, sales of long-term Ucits funds, which excludes money market funds, saw net inflows of €28 billion, compared to €33 billion in August.  

Multi-asset funds increased from €4 billion in August to €7 billion in September.

Total assets at the end of September were higher than at the end of 2015. Assets in funds totaled €13,808 billion at September, compared to €13,320 billion at end 2015.

©2016 funds europe

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