Investors’ confidence strengthened in the last quarter of the year thanks to positive vaccine news, driving a surge in net assets and inflows across the world. A sharp rebound in equity fund net sales in Europe and sustained net inflows into bond funds in the United States underpinned long-term fund sales growth internationally. Meanwhile, sales of worldwide MMFs turned positive again due to strong net inflows in China and Europe, offsetting net outflows in the United States.

The main developments through the quarter are as follows: 

The European Fund and Asset Management Association (EFAMA) has published its response to the European Commission's consultation on the establishment of a European Single Access Point (ESAP) for financial and non-financial information publicly disclosed by companies.

The European Fund and Asset Management Association (EFAMA) has published its latest Market Insights report titled “ESG Investing in the UCITS Market – A powerful and inexorable trend”. The report looks at  the major trends in the ESG UCITS market, the impact of the coronavirus pandemic, and the behaviour of ESG and non-ESG funds.