EFAMA: European Funds Industry Maintains Momentum In Q1/017 With UCITS, AIF Growth

Jun 10 2017 | 12:01am ET

Net sales of UCITS and AIF funds surged in the first quarter of the year, reaching €262 billion compared to €120 billion in the fourth quarter of last year, according to The European Fund and Asset Management Association’s (EFAMA) latest quarterly statistical release,

The sharp increase was driven by strong net sales of UCITS bond, money market and multi-asset funds, EFAMA said in a statement. Other highlights from Q1 2017: 

  • UCITS registered net sales of €202 billion, compared €78 billion in Q4 2016.
  • Long-term UCITS, i.e. UCITS excluding money market funds, recorded net sales of €152 billion, compared to €41 billion in Q4 2016. 
  • Bond funds enjoyed the largest net sales amongst the long-term categories, registering net sales of €75 billion compared to €15 billion in Q4 2016. 
  • Net sales of multi-asset funds recorded net sales of €38 billion, compared to €10 billion in Q4 2016. 
  • Equity funds recorded a net sales of €29 billion, compared to €13 billion in Q4 2016.
  • UCITS money market funds recorded net sales of €51 billion, compared to €37 billion in Q4 2016.
  • AIF net sales amounted to €60 billion in Q1 2017, compared to €42 billion in Q4 2016. The strong net sales of AIF are mainly due to a reversal in the net sales of bond funds flows (net inflows of €11 billion compared to net outflows of €2 billion in Q4 2016) and an increase in the demand for other AIF funds (€35 billion compared to €25 billion in Q4 2016).
  • European investment fund net assets increased 4.6% in Q1 2017 to €14.795 trillion. Net assets of UCITS increased 5.2% in Q1 2017 to €9.112 trillion, and total net assets of AIFs increased 3.7% to €5.684 trillion.

EFAMA is the representative association for the European investment management industry, with 28 member associations and 62 corporate members representing nearly €23 trillion in assets under management, of which €14.1 trillion was managed by 58,400 investment funds at end 2016. Just over 30,600 of these funds were UCITS funds, with the remaining 27,800 funds composed of AIFs.


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