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EFAMA Investment Fund Industry Fact Sheet for July

27 associations representing more than 99.6 percent of total UCITS and non-UCITS assets at end July 2014 provided us with net sales and/or net assets data.

The main developments in July 2014 in the reporting countries can be summarized as follows:

  • Net sales of UCITS soared to EUR 59 billion in July from EUR 22 billion in June. A turnaround in the net flows of money market funds was the trigger for this large increase in net sales.
  • Long-term UCITS (UCITS excluding money market funds) registered net inflows of EUR 41 billion, up from EUR 37 billion in June. Net sales of equity funds rose in July to EUR 12 billion compared to EUR 2 billion in the previous month. Bond funds also registered an increase in net sales to EUR 17 billion, from EUR 13 billion. Balanced funds attracted EUR 15 billion compared to EUR 18 billion in June.
  • Money market funds registered a significant turnaround in net flows in July to register net inflows of EUR 18 billion, compared to net outflows of EUR 15 billion in June.
  • Total non-UCITS net sales increased to EUR 16 billion from EUR 8 billion in June, thanks to net sales of special funds (funds reserved to institutional investors), which rose from EUR 4 billion to EUR 13 billion in July.
  • Total net assets of UCITS stood at EUR 7,618 billion at end July 2014, representing a 1.2 percent increase during the month. Total net assets of non-UCITS increased 1.0 percent to stand at EUR 3,043 billion at month end. Overall, total net assets of the European investment fund industry stood at EUR 10,661 billion at end July 2014.

Net sales of long-term UCITS remained robust in July as both equity and bond funds benefited from net inflows despite heightened geopolitical tensions and stock market declines.

EFAMA Monthly Fact Sheet July 2014