Net sales of UCITS and alternative investment funds (AIFs) totalled €43 billion, up from €6 billion in March, according to the European Fund and Asset Management Association (EFAMA).
EFAMA also found UCITS registered net inflows of €27 billion, up from €13 billion in March.
Long-term UCITS (UCITS excluding money market funds) recorded net inflows of €14 billion, down from €16 billion in March.
Equity funds registered net outflows of €13 billion, compared to net outflows of €23 billion in March, while net sales of AIFs turned positive in April, with net inflows of €17 billion, compared to net outflows of €8 billion in March.
Total net assets of UCITS and AIFs increased by 1.5 percent to €16,556 billion.
Bernard Delbecque, senior director for economics and research, commented: “Despite encouraging economic data and stock market gains, equity UCITS funds continued to suffer net outflows in April, which suggests that investors remained concerned about the global economic outlook.”
