European equity funds see July boost, Efama reports

Efama, equities, JulyEquity funds across Europe saw an upswing in net sales this past July, marking an end to several months of decline, as highlighted by the European Fund and Asset Management Association's (Efama) latest monthly 'Investment Fund Industry Fact Sheet'.

Efama's data, which encapsulates net sales figures for undertakings for collective investment in transferable securities (Ucits) and alternative investment funds (AIFs) for July 2023, brought forth several developments.

Ucits and AIFs registered net inflows of €27 billion in July, in stark contrast to the net outflows of €8 billion noted in June. Specifically, Ucits alone reported net inflows to the tune of €19 billion, bouncing back from the net outflows of €15 billion observed the previous month.

Diving deeper, long-term Ucits (those excluding money market funds) posted net inflows of €8 billion. This marked a turnaround from the net outflows of €11 billion in June. Equity funds, too, reflected this positive sentiment, with net sales turning favourable at €3 billion, a recovery from net outflows of €7 billion in June.

On the other hand, bond funds also garnered traction, recording net inflows of €14 billion, nearly doubling from €7 billion in June. Multi-asset funds, however, persisted in their downward trend, suffering net outflows, though at a marginally reduced rate of €6 billion, a slight improvement.

© 2023 funds europe

Thought leadership


This whitepaper outlines key challenges impeding the growth of private markets and explores how technological innovation, when bolstered by the operational experience and global reach of FMIs, can provide solutions to unlock access to private market funds for a growing investor base.


Transporting goods by sea is the lowest carbon way of transporting goods. That said, the shipping sector contribute 3% of global carbon emissions, so we need it to get to net zero. Breakthrough technologies have the power to reshape the industry and drastically reduce its environmental footprint.



We often hear about the challenges related to sustainability data - in particular, the lack of consistency, comparability, and completeness. Update your information puzzle with Essential Sustainability Intelligence.


Discover how investing in real assets with a multi-asset approach can help build resilient portfolios.


Executive Video Interviews

Why fund admin tech is a key competitive advantage

Cian Hyland, Strategic Client Relationship Director at Deep Pool Financial Solutions spoke to us about how technology enables efficient data management, reporting automation and secure data access.

Insights from State Street

Cuan Coulter, Global Head of Asset Managers and Head of UK and Ireland at State Street, discusses how fund managers decide between the two cross-border fund domiciles, namely Ireland and Luxembourg, and why asset managers find managing data so difficult.

Unlocking access to private markets

Vincent Clause, who heads the global funds strategy at Euroclear and David Genn, CEO of Goji, sit down with Funds Europe to explain how technological innovation, bolstered by operational experience and global reach, can provide solutions that unlock access to private markets.

Sustainable investing in the DC world

Claire Felgate, a specialist in UK defined contribution pension schemes at asset manager BlackRock, talks with Funds Europe editor Nick Fitzpatrick about how - and the pace at which - DC pension schemes are adapting to the requirements of sustainable investment.



Join our webinar for a deep dive into the findings of the fresh-off-the-press EU Taxonomy 2023 Insights Report, based on Clarity AI's best-in-class coverage of EU Taxonomy reported data and CDP industry-leading environmental datasets. 

In this webinar, we discuss tools for optimising fund data management and distribution, the role of global fund classifications and ratings, and how technology and automation enhance data integrity and insights.