News

Ucits and Aifs sales decline in February

Ucits, Aifs, sales, February, investor, caution, European, Fund, Asset Management, EfamaDemand for Ucits and Aifs declined throughout February as greater investor caution returned, according to the European Fund and Asset Management Association (Efama).

The latest monthly data revealed that Ucits and Aifs recorded net inflows of €2 billion in February, a significant drop from €29 billion in January.

Total net assets of Ucits and Aifs also decreased by 0.3% in February to €19.6 trillion.

Low net sales were driven by a decline in net sales of Ucits from €43 billion in January to €3 billion in February, which was the worst month for the asset class since September 2022.

Bernard Delbecque, senior director for economics and research at Efama, said: “Following a strong rebound in January, net sales of UCITS dropped sharply in February amid rising concerns about the global growth outlook and sticky core inflation, which increased investors’ caution.”

Bond funds inflows decreased from €29 billion in January to €15 billion in February.

Multi-asset funds also recorded net outflows of €5 billion, significantly lower than net inflows of €2 billion the month prior.

Net sales of equity funds dropped from €23 billion in January to €2 billion in February, despite increased interest from UK investors.

However, optimism remains as Aifs reported net outflows of €1 billion in February, compared to net outflows of €14 billion the month prior.

Even though net sales of long-term Ucits decreased from €54 billion to €15 billion, February was the third-best month for net sales since the same time last year.

The increased investor caution across February contrasts with the renewed investor optimism reported in January by Efama.

During the month, positive fund flows were mainly seen in funds investing in mainstream securities and were explained by hopes that interest rates would soon peak.

© 2023 funds europe

Thought leadership

Euroclear_PM_white_paper_native_image_400x103

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.

DOWNLOAD NOW »
UBS_commodities_native_image_Nov_2023

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.

LEARN MORE »

SPS1-Data-Driven-BIC-FE-02-Reporting

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.

FIND OUT MORE »
Aviva_Investors_nartive_position_Oct_2023_400px

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

FIND OUT MORE »

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.

arrows

Webinars

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.