Last updated: 22:55 / Thursday, 4 August 2016
EFAMA Fact Sheet

European Equity Funds Experienced a Turnaround in Flows in May

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European Equity Funds Experienced a Turnaround in Flows in May
  • Net inflows into UCITS and AIF totaled EUR 52 billion in May
  • Equity Funds saw EUR 3 billion in net inflows
  • Total net assets of European investment funds increased by 1.8% in May

The European Fund and Asset Management Association (EFAMA) in its latest Investment Funds Industry Fact Sheet, which provides net sales of UCITS and non-UCITS from 28 associations representing more than 99% of total UCITS and AIF assets, highlights that for May 2016, net inflows into UCITS and AIF totaled EUR 52 billion, compared to EUR 65 billion in April.

According to EFAMA, the decrease in UCITS net sales was caused by lower net sales of bond funds. Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR 24 billion, compared to EUR 33 billion in April.

  • Equity funds experienced a turnaround in flows, increasing from net outflows of EUR 1 billion in April to net inflows of EUR 3 billion in May.
  • Net inflows into bond funds decreased to EUR 14 billion from EUR 23 billion in April. 
  • Multi-asset funds recorded net sales of EUR 5 billion, compared to EUR 6 billion in April.


Meanwhile, net sales of UCITS money market funds increased to EUR 17 billion, from EUR 11 billion in April and AIF recorded net inflows of EUR 11 billion, compared to EUR 21 billion in April.

Overall, total net assets of European investment funds increased by 1.8% in May to stand at EUR 13,519 billion at the end of the month. Net assets of UCITS increased by 1.9% in May to EUR 8,290 billion, and AIF net assets increased by 1.6% to EUR 5,229 billion.  

Bernard Delbecque, Senior director for Economics and Research at EFAMA commented: “After three months of negative outflows, equity funds achieved again positive net sales in May”.



 

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