Net sales of UCITS and alternative investment funds (AIF) totalled €47 billion, up from €25 billion in February, according to The European Fund and Asset Management Association (EFAMA).
The European Fund and Asset Management Association (EFAMA) published its latest Investment Funds Industry Fact Sheet on 29 May.
UCITS registered net sales of €38 billion, up from €11 billion in February.
Long-term UCITS (UCITS excluding money market funds) recorded net sales of €42 billion, down from €47 billion in February.
Net sales of equity funds totalled €14 billion, down from €25 billion in February, while net sales of bond funds totalled €3 billion, down from €4 billion in February.
Net sales of multi-asset funds totalled €24 billion, up from €16 billion in February.
UCITS money market funds registered net outflows of €5 billion, compared to net outflows of €35 billion recorded in February.
AIF recorded net sales of €9 billion, down from €13 billion in February.
Total net assets of UCITS and AIFs totalled €15,606 billion at end March, compared to €15,682 billion at the end of February.
The Fact Sheet covers 28 associations representing 98 percent of total UCITS and AIF assets provided net sales data.
Bernard Delbecque, director of economics and research, EFAMA, commented: “Against the background of continuing uncertainty in financial markets, investors reduced their net sales of equity and bond funds in March to the benefit of multi-asset funds.”
