Strong net sales of UCITS and AIFs in June push total net assets higher

The European Fund and Asset Management Association (EFAMA) has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data on UCITS, and AIFs sold in June 2021, at European level and by country of fund domiciliation.

Bernard Delbecque, Senior Director for Economics and Research at EFAMA, commented:“Despite the rapid spread of the Delta variant, net sales of equity UCITS remained strong in June, supported by investor trust in the effectiveness of the Covid-19 vaccination campaign and the strength of the economic recovery.”

The main developments in June 2021 can be summarised as follows:

• Net sales of UCITS and AIFs totalled EUR 75 billion, up from EUR 64 billion in May 2021.
• UCITS recorded net inflows of EUR 60 billion, compared to EUR 55 billion in May 2021.
  • Long-term UCITS (UCITS excluding money market funds) recorded EUR 72 billion of net sales, up from EUR 64 billion in May 2021.
    • Equity funds recorded net sales of EUR 38 billion, up from 29 billion in May 2021.
    • Bond funds registered net inflows of EUR 13 billion, compared to EUR 15 billion in May 2021.
    • Multi-asset funds recorded the same level of net inflows as in May (EUR 17 billion).
    • UCITS money market funds recorded net outflows of EUR 12 billion, compared to net outflows of EUR 8 billion in May 2021.

• AIFs registered net inflows of EUR 15 billion, compared to EUR 8 billion in May 2021
• The total net assets of UCITS and AIFs increased by 2.2% to EUR 20,477 billion.