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Ucits demand continues in February
16 April 2013
Efama reports sustained inflows as a result of higher confidence
Inflows into Ucits funds remained strong in February as a result of high investor confidence, the European Fund and Asset Management Association (Efama) has reported.
Efama's data showed while Ucits inflows were slightly lower than in January, at €44bn from €49bn in January, total Ucits assets rose to over €6.5trn. Total net assets in European investment funds stood at over €9trn by the end of the month.
Bernard Delbecque, Efama's director of economics and research, said: “Improvements in financial markets continued to boost investor sentiment in February which contributed to strong net inflows into Ucits and pushed net assets of European investment funds above the €9trn mark for the first time."
Efama's data also showed declines in demand for equities and bonds. Equity fund inflows fell to €14bn from €21bn, while bond funds saw a similar fall in demand from €20bn to €13bn. Balanced fund sales remained flat at €11bn.
Long-term Ucits – that is, Ucits excluding money market funds – saw inflows of €41bn in February, down from January's record net inflows of €53bn. However, money market funds saw a rapid increase in demand, with net outflows of €5bn in January turning into net inflows of €4bn in February.