EFAMA: Strong Long-Term UCITS Inflows in February

Apr 17 2015 | 1:00pm ET

Long-term UCITS proved very popular in February, with inflows soaring as European stock markets gained and the ECB embarked on quantitative easing.

The European Fund and Asset Management Association (EFAMA) released data that shows February net sales of €71bn into UCITS funds, excluding money market funds in February. This was up from up from €55 billion in January.

“Rising stock markets and lower interest rates in the euro area in February supported increased net sales of long-term UCITS during the month,” said Bernard Delbecque, director of economics and research for EFAMA.

For UCITS as a whole (including money market funds), inflows in February rose to €87 billion from €83 billion in January.

Breaking down the data into components, bond UCITS funds posted a rise in inflows of €26 billion, up from €18 billion in January, while equity funds enjoyed net sales of €14 billion, up from €9 billion in January. Balanced funds, on the other hand, slipped from €27 billion in net inlows in January to €22 billion in February.

Total net assets of UCITS stood at €8.784 billion at the end of February 2015, up 4.2%. Total net assets of non-UCITS rose 2.4% over the month to stand at €3.467 billion, Overall, total net assets of the European investment fund industry stood at €12.251 billion at the end of February 2015, according to EFAMA.

The data is sourced from 27 associations representing more than 99.6% of February’s total UCITS and non-UCITS assets. 

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