EFAMA has today published its European Quarterly Statistical Release for the fourth quarter of 2024, together with an overview of the full year 2024.
 

Bernard Delbecque, Senior Director for Economics and Research at EFAMA, commented on the 2024 results: “Net assets of UCITS and AIFs reached a new high in 2024, driven by record net sales of ETFs and MMFs, as well as strong inflows into bond funds. Retail demand for funds is on track to hit its highest level since 2021.”
 

Thomas Tilley, Senior Economist at EFAMA, commented on the Q4 2024 figures: “Equity funds saw strong net inflows in Q4 2024, thanks to the good performance of global stock markets and sustained demand for ETFs.”
 

2024 full-year highlights include:
 

• Net assets of UCITS increased by 15.9%, ending the year at EUR 15.2 trillion.
• Net sales of UCITS reached EUR 617 billion, more than three times the EUR 182 billion recorded in 2023.
  • Net sales of equity UCITS surged to EUR 138 billion, up from EUR 7 billion in 2023, driven by record inflows into equity ETFs.
  • Net sales of bond UCITS totalled EUR 273 billion, nearly doubling the EUR 142 billion recorded in 2023.
  • Multi-asset funds UCITS saw net outflows for the second consecutive year, totalling EUR 38 billion.
  • MMF UCITS attracted a record EUR 223 billion in net sales.
• Net assets of AIFs increased by 8.6% to EUR 8.2 trillion.
• Net sales of AIFs reached EUR 48 billion, compared to EUR 53 billion in 2023. Net sales of bond and multi-asset AIFs reached EUR 39 billion and EUR 38 billion, respectively, whereas equity AIFs suffered net outflows of EUR 28 billion. 

The main developments in Q4 2024 are as follows:
 

• Net assets of UCITS and AIFs rose by 3.2%.
• UCITS and AIFs attracted EUR 237 billion in net inflows. Net sales of UCITS amounted to EUR 216 billion, while AIFs registered net inflows of EUR 21 billion.
• Long-term funds saw strong net inflows of EUR 166 billion, led by bond funds (EUR 90 billion) and equity funds (EUR 60 billion). Multi-asset fund flows remained flat at EUR 6 billion.
• MMFs recorded net sales of EUR 70 billion, down from EUR 96 billion in Q3.
• Long-term SFDR Article 9 funds saw their fifth consecutive quarter of net outflows, totalling EUR 7.5 billion, while Article 8 funds attracted EUR 43 billion in new money.
• European households sustained their appetite for investment funds in Q3 2024, with net fund acquisitions reaching EUR 65 billion, the highest level since Q2 2021. 

-ENDS-

Notes to editors
 

About the EFAMA Quarterly Statistical Release:
 

The release is published by EFAMA every quarter and presents net sales and net assets data for UCITS and AIFs for 29 European countries: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, and United Kingdom. It also includes a section providing information on the owners of investment funds in Europe and their net purchases of funds.
 

For further information, please contact:
 

Hayley McEwen 

Head of communications & membership development