Ucits and alternative investment funds gained €24 billion in March

March 2024 saw net inflows of €24 billion for Ucits and alternative investment funds, an increase from €21 billion in February, according to the European Fund and Asset Management Association (Efama).

Data from the trade association for European asset managers, Ucits specifically attracted €22 billion in net inflows, slightly down from €23 billion the previous month. Long-term Ucits, excluding money market funds, saw net inflows of €18 billion, a decrease from €32 billion in February.

EU ESG Ucits projected to cross €9 trillion by 2027

Equity funds experienced net outflows of €1 billion, a reversal from the €12 billion net inflows in February. Bond funds saw net inflows of €19 billion, though this was lower than the €34 billion in the previous month. Multi-asset funds continued to struggle with net outflows of €4 billion, compared to €14 billion in February.

Ucits money market funds recorded net inflows of €4 billion, an improvement from the net outflows of €9 billion in February. Ucits ETFs maintained positive momentum with net inflows of €13 billion, although down from €20 billion in the prior month.

40% of daily FX flows are at risk ahead of US’s T+1 launch: Efama

Alternative investment funds showed a positive turn with net inflows of €2 billion, contrasting with the net outflows of €2 billion in February. Overall, the total net assets of Ucits and alternative investment funds increased by 2%, reaching €21,627 billion.

Thomas Tilley, senior economist at Efama, highlighted the persistent trends from the previous year, stating: “During the first three months of 2024, the long-term Ucits market exhibited the same trends as in 2023: solid net inflows into bond funds and equity ETFs and net outflows from multi-asset funds.”

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST