EFAMA has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data on UCITS and AIFs for February 2023, at European level and by country of fund domiciliation.

Bernard Delbecque, Senior Director for Economics and Research at EFAMA, commented: “Following a strong rebound in January, net sales of UCITS dropped sharply in February amid rising concerns about the global growth outlook and sticky core inflation, which increased investors’ caution.”

The main developments in February 2023 can be summarised as follows:

• UCITS and AIFs recorded net inflows of EUR 2 billion, a decrease from EUR 29 billion in January 2023.
   
• Net sales of UCITS declined from EUR 43 billion in January to EUR 3 billion in February 2023.
   
  • Long-term UCITS (UCITS excluding money market funds) registered net sales of EUR 15 billion, down from EUR 54 billion in January 2023.
    • Equity funds saw net sales of EUR 2 billion, a drop from EUR 23 billion in January 2023.
    • Bond funds experienced net inflows of EUR 15 billion, down from EUR 29 billion in January 2023. 
    • Multi-asset funds recorded net outflows of EUR 5 billion, compared to net inflows of EUR 2 billion in January 2023.
       
  • UCITS money market funds recorded net outflows of EUR 12 billion, the same as in January 2023.
     
• AIFs registered net outflows of EUR 1 billion, compared to net outflows of EUR 14 billion in January 2023.
   
• Total net assets of UCITS and AIFs decreased by 0.3% in February to EUR 19,613 billion.

-ENDS-

Notes to editors

About the Monthly EFAMA Investment Fund Industry Fact Sheet:

The Fact Sheet is published by EFAMA monthly 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.

For further information, please contact:

Hayley McEwen

Head of communication & membership development

Tel: +32 2 548 26 52