Ucits see highest sales since May 2015

Long-term Ucits saw sales of €52 billion in Februrary, their highest sales for nearly two years.

The figure was a €12 billion increase on the January number and the European Fund and Asset Management Association (Efama) said the net inflow was last as high as this in May 2015.

Equity fund net sales doubled, to €13 billion in February compared to €6 billion in January, while bond fund sales edged up slightly to €22 billion from €20 billion. 

Multi-asset funds recorded net sales of €12 billion, again edging up slightly from €11 billion in January.

Ucits money market funds recorded net outflows of €7 billion, a continuation of outflows, though much lower than January’s €31 billion.

Bernard Delbecque, senior director for economics and research at Efama said: “Long-term Ucits posted in February their highest net inflows since May 2015, thanks to an increased demand for equity funds and robust net sales of bond and multi-assets funds.”

©2017 funds europe

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