Low but Positive Net Sales of UCITS Equity Funds in April

The European Fund and Asset Management Association (EFAMA) has published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data on UCITS and AIFs for April 2022, at European level and by country of fund domiciliation.

Bernard Delbecque, Senior Director for Economics and Research at EFAMA, commented: “Investors in UCITS equity funds showed resilience in April, despite the risks posed by the war in Ukraine and the anticipated interest rate hikes.”

The main developments in April 2022 can be summarised as follows:

• Net sales of UCITS and AIFs registered net outflows of EUR 3 billion, compared to net outflows of EUR 42 billion in March 2022.
• UCITS recorded net outflows of EUR 0.3 billion, compared to net outflows of EUR 35 billion in March 2022.

o   Long-term UCITS (UCITS excluding money market funds) registered net outflows of EUR 2 billion, compared to net outflows of EUR 20 billion in March 2022.

-       Equity funds recorded net inflows of EUR 3 billion, compared to net outflows of EUR 8 billion in March 2022.

-       Bond funds registered net outflows of EUR 12 billion, compared to net outflows of EUR 19 billion in March 2022.

-       Net inflows of multi-asset funds amounted to EUR 5 billion, down from EUR 7 billion in March 2022.

o   UCITS money market funds recorded net inflows of EUR 2 billion, compared to net outflows of EUR 15 billion in March 2022.

• AIFs registered net outflows of EUR 3 billion, compared to net outflows of EUR 7 billion in March 2022.
• Total net assets of UCITS and AIFs decreased by 1.7% in April to EUR 20,630 billion.

Source: EFAMA