29 associations representing more than 99 percent of total UCITS
and AIF assets provided us with net sales data.
The main developments in September 2016 can be summarized as follows:
- Net inflows into UCITS and AIF totaled EUR 50 billion, compared to EUR 55 billion in August.
- UCITS registered net inflows of EUR 30 billion, down from EUR 51 billion in August.
- Long-term UCITS (UCITS excluding money market funds) recorded netinflows of EUR 28 billion, compared to EUR 33 billion in August. Equity funds recorded net sales of EUR 2 billion, compared to net inflows of EUR 1 billion in August. Net sales of bond funds decreased from EUR 25 billion in August to EUR 16 billion in September. Multi-asset funds increased from
EUR 4 billion in August to EUR 7 billion in September.
- UCITS money market funds recorded net sales of EUR 2 billion, down from EUR 18 billion in August.
- AIF recorded net inflows of EUR 20 billion, up from EUR 4 billion in August. All AIF categories benefited from a rise in net inflows in September.
- Total net assets of European investment funds stood at EUR 13,808 billion at September, compared to EUR 13,320 billion at end 2015. Net assets of UCITS and AIF totaled EUR 8,450 billion and EUR 5,359 billion, respectively.
The high level of net inflows into UCITS and AIF recorded in July-September (EUR 171 billion, of which EUR 50 billion in September) confirms the high level of confidence investors have in European investment funds.