The latest monthly Industry Fact Sheet, which provides an overview of the net sales and net assets of investment funds domiciled in Europe at month end, was published on 21 September 2015. The data used is gathered from 27 different associations which reportedly represent more than 99 percent of total UCITS and non-UCITS assets in Europe.
Sharp increase in net sales of UCITS
The statistics show that July saw a significant recovery of net sales of UCITS following outflows in June, which EFAMA attributed to a significant turnaround in money market funds and bond funds. Bernard Delbecque, EFAMA’s Director for Economics and Research commented that the rebound in net sales of long-term UCITS in July suggests a strengthening of investor confidence at the beginning of the summer.
The statistics for non-UCITS are less positive with net sales down from 19 billion euro to 8 billion euro and net sales of special funds (non-UCITS funds reserved to institutional investors) down from 17 billion euro to 7 billion euro.
The total net assets of the European investment fund industry rose by 1.5 percent to 12,663 billion euro at end July 2015.