Brussels, 16th July 2015 - For immediate release
Strong demand for balanced funds continues in May, whilst bond and equity fund sales decrease
The European Fund and Asset Management Association (EFAMA) has today published its latest Investment Funds Industry Fact Sheet, which provides net sales of UCITS and non-UCITS for May 2015.
27 associations representing more than 99.6 percent of total UCITS and non-UCITS assets at end May 2015 provided us with net sales and/or net assets data.
The main developments in May 2015 in the reporting countries can be summarized as follows:
Net sales of UCITS decreased to EUR 32 billion in May, down from EUR 83 billion in April. This decrease can be attributed to a slowdown in net sales of long-term UCITS and a sharp turnaround in net sales of money market funds during the month.
Long-term UCITS (UCITS excluding money market funds) continued to register net inflows in May of EUR 47 billion, albeit at a slower pace compared to April when net sales totaled EUR 66 billion.
oNet sales of bond funds posted reduced to EUR 9 billion, down from EUR 22 billion April.oEquity funds experienced a decrease in net inflows, registering EUR 2 billion compared to EUR 6 billion in April.oBalanced fund net sales remained steady at EUR 29 billion for the second consecutive month.
Money market funds registered a turnaround in net sales posting net outflows of EUR 15 billion, compared to net inflows of EUR 16 billion in April.
Total non-UCITS net sales amounted to EUR 21 billion, up from EUR 16 billion in April. Net sales of special funds (funds reserved to institutional investors) registered EUR 16 billion, up from EUR 12 billion in April.
Net assets of UCITS stood at EUR 9,158 billion at end May 2015, representing an increase of 1.4 percent during the month, whilst net assets of non-UCITS increased by 0.7 percent to stand at EUR 3,580 billion at month end. Overall, total net assets of the European investment fund industry increased 1.2 percent to stand at EUR 12,738 billion at end May 2015.
Bernard Delbecque, Director of Economics and Research commented: Strong demand for balanced funds continued in May whereas greater volatility in stock markets and sharply rising long-dated government bond yields weighed on investor demand for equity and bond funds.
*Please see the accompanying 
attachment for the EFAMA Investment Fund Industry Fact Sheet (May) and the Notes to editors section for further information on how the Fact Sheet is produced.
attachment for the EFAMA Investment Fund Industry Fact Sheet (May) and the Notes to editors section for further information on how the Fact Sheet is produced.For media enquiries, please contact:
Peter De Proft,
Director General
Bernard Delbecque,
Director of Economics and Research
Notes to editors:
About the European Fund and Asset Management Association (EFAMA):
EFAMA is the representative association for the European investment management industry. EFAMA represents through its 27 member associations and 63 corporate members almost EUR 19 trillion in assets under management of which EUR 12.7 trillion managed by 55,600 investment funds at end March 2015. For more information about EFAMA, please visit www.efama.org
About the May Monthly EFAMA Investment Fund Industry Fact Sheet:
The fact sheet is published by EFAMA on a monthly basis and represents net fund product sales data and/or net assets data for UCITS and non-UCITS assets provided by 27 national associations. The contributing national associations are: Austria, Belgium (net assets data only), Bulgaria, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia (data as of previous month), Slovenia, Spain, Sweden, Switzerland, Turkey and the United Kingdom.
