Net sales of equity UCITS hit a 35-month high in May 2024, according to the European Fund and Asset Management Association (EFAMA).
In its monthly statistical release for May 2024, EFAMA recorded UCITS and AIFs net inflows of €37 billion, down from €42 billion in April.
Thomas Tilley, senior economist at EFAMA, said: “May 2024 saw net sales of equity UCITS rise to a 35-month high thanks to strong net inflows into equity ETFs and a rebound in non-ETF equity funds.”
UCITS and AIFs recorded net inflows of €37 billion, down from €42 billion in April.
UCITS attracted net inflows of €35 billion, comparable to €35 billion in April.
Long-term UCITS (UCITS excluding money market funds) saw net inflows of €47 billion, up from €21 billion in April.
Equity funds registered net inflows of €26 billion, compared to net outflows of €1 billion in April.
Bond funds experienced net inflows of €21 billion, down from €27 billion in April.
Multi-asset funds continued to suffer from net outflows (€0.3 billion), compared to net outflows of EUR 7bn in April.
UCITS money market funds registered net outflows of €12 billion, compared to net inflows of EUR 14bn in April.
UCITS ETFs recorded net inflows of €26 billion, doubling from €13 billion in April.
AIFs recorded net inflows of €2 billion, compared to €7 billion in April.
Total net assets of UCITS and AIFs increased by 1.3%, to €21,735 billion.
©Markets Media Europe 2024
