UCITS funds registered net inflows of €174 billion in Q2 2017, compared to €202 billion in Q1 2017, according to The European Fund and Asset Management Association (EFAMA).
As part of its latest quarterly statistical release, EFAMA revealed that UCITS funds attracted €377 billion in net new money in the first half of 2017, compared to €271 billion recorded during the same period in 2016.
The latest growth figures represent the highest level of net sales recorded since Q1 2015.
In Western Europe, Germany recorded the largest net asset growth (2 percent), followed by Ireland (1.5 percent) and Luxembourg (0.9 percent).
The largest net inflows into UCITS were recorded in Luxembourg (€70 billion), closely followed by Ireland (€68 billion) both of with saw strong net inflows into bond funds.
Equity funds in Ireland and multi-asset funds in Luxembourg also contributed to the strong results.
Overall, total net assets of the European investment fund industry increased by 0.6 percent to €14,894 billion at the end Q2 2017, while UCITS assets grew to reach €9,171 billion.
