Net sales of long-term UCITS reached a 12-month high in February, said EFAMA in its latest Monthly Statistical Release for February 2024.
Total net assets of UCITS and AIFs increased by 1.25%, to €21.2trn.
Thomas Tilley, senior economist at EFAMA, said: “February 2024 saw net sales of long-term UCITS rise to a 12-month peak thanks to robust net inflows into bond funds and equity ETFs. This continues the 2023 trends, with investors responding to interest rate evolutions in the case of bond funds, and the enduring popularity of ETFs resulting in sustained equity ETFs inflows.”
UCITS and AIFs combined recorded net inflows of €21bn, down from €61bn in January (UCITS attracted net inflows of €23bn, compared to €52bn in January).
Long-term UCITS (UCITS excluding money market funds) saw net inflows of €32bn, up from €25bn in January.
Equity funds registered net inflows of €12bn, compared to net outflows close to zero in January.
Bond funds experienced net inflows of €34bn, up from €32bn in January.
Multi-asset funds continued to suffer from net outflows (€14bn), compared to €8bn in January.
In addition, UCITS money market funds experienced net outflows of €9bn, compared to net inflows of €27bn in January.
UCITS ETFs recorded inflows of €20bn, similar to the level observed in January.
AIFs recorded net outflows of €2bn, compared to net inflows of €9bn in January.
Total net assets of UCITS and AIFs increased by 1.25%, to €21.2trn.
