Net inflows into UCITS and AIFs in October 2021 totalled €110bn, compared to net outflows of €3bn in September, according to the European Fund and Asset Management Association (EFAMA).
Publishing its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data on UCITS and AIFs for October 2021 at a European level and by country of fund domiciliation, said net sales of UCITS and AIFs totalled €140bn, up from €9bn in September 2021.
Long-term UCITS (UCITS excluding money market funds) registered €45bn of net sales, compared to €54bn in September 2021. Equity funds recorded net sales of €24bn, up from €19bn in September 2021. Bond funds registered net inflows of €3bn, compared to €13bn in September 2021. Net sales of multi-asset funds amounted to €15bn, down from €20bn in September 2021.
UCITS money market funds recorded net inflows of €66bn, compared to net outflows of €57bn in September 2021. AIFs registered net inflows of €30bn, up from €13bn in September 2021. Total net assets of UCITS and AIFs increased by 2.6 per cent in October to €21,387bn.
Commenting, EFAMA senior director for economics and research, Bernard Delbecque, said: “Historically high net inflows into UCITS money market funds in October against the backdrop of lower net sales of bond funds point to an increase in investor caution and potential concerns about rising inflation and bond yields.”
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