EFAMA has reported UCITS and AIFs net inflows up 14% from February to €24bn in its monthly stats for March 2024.
Thomas Tilley, senior economist at EFAMA, said: “During the first three months of 2024, the long-term UCITS market exhibited the same trends as in 2023: solid net inflows into bond funds and equity ETFs and net outflows from multi-asset funds.”
But UCITS attracted net inflows of €22bn, compared to €23bn in February and Long-term UCITS (UCITS excluding money market funds) saw net inflows of €18bn, down from €32bn in February.
Equity funds registered net outflows of €1bn, compared to net inflows of €12bn in February, while Bond funds experienced net inflows of €19bn, down from €34bn in February.
Multi-asset funds continued to suffer from net outflows (€4bn), compared to €14bn in February.
UCITS money market funds experienced net inflows of €4bn, compared to net outflows of €9bn in February, as UCITS ETFs recorded net inflows of €13bn, down from €20bn in February.
IFs recorded net inflows of €2bn, compared to net outflows of €2bn in February.
Total net assets of UCITS and AIFs increased by 2%, to €21,627bn.
