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European UCITS equity bond funds record substantial outflows in September

UCITS, AIFs, outflowsEuropean investment fund industry faced substantial net outflows from UCITS and AIFs in September, decreasing by 4.7% amid recession fear due to ongoing economic turmoil. 

In its monthly fact sheet for September, the European Fund and Asset Management Association (EFAMA) showed that net sales of UCITS and AIFs registered net outflows of €103 billion in one month. 

Bernard Delbecque, senior director for economics and research at EFAMA, said: “The month of September was marked by significant net outflows from UCITS equity funds as recession fears were building, whereas UCITS bond funds were severely affected by the clear signal sent by the Fed and ECB that they are committed to stamping out inflation at all costs.”

Long-term UCITS, excluding MMFs, registered net outflows of €79 billion, compared to net outflows of €3 billion in August. 

EFAMA further noted net outflows of €30 billion from UCITS MMFs and €5 billion outflows from AIFs. 

The fact sheet revealed that the total net assets of UCITS and AIFs shrunk by 4.5% in September to €18,993 billion. 

EFAMA publishes a fact sheet monthly presenting net sales and net assets data for UCITS and AIFs for 29 European countries. 

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