26 associations representing more than 99.6 percent of total UCITS and non-UCITS assets at end October 2012 providedEFAMA with net sales and/or net assets data.

The main developments in October 2012 in the reporting countries can be summarised as follows:

• Net inflows to UCITS surged in October to EUR 41 billion, as all fund categories recorded net inflows. This compares to net outflows of EUR 10 billion recorded in September.
• Long-term UCITS (UCITS excluding money market funds) jumped in October to EUR 34 billion, up from EUR 13 billion in September.

o Net inflows into bond funds amounted to EUR 25 billion, marking a significant increase compared to September (EUR9 billion).

o Equity funds recorded net inflows of EUR 3 billion for the second successive month.

o Balanced funds enjoyed increased net sales in October of EUR 5 billion, up from EUR 2 billion in September.

• Net sales of money market funds returned to positive territory in October recording net inflows of EUR 6 billion, after registering net outflows in September of EUR 23 billion.
• Total net sales of non-UCITS increased in October to EUR 13 billion, up from EUR 4 billion in September.
• Special funds (funds reserved to institutional investors) registered a jump in net sales to EUR 10 billion, compared to EUR 3 billion in September.
• Total net assets of UCITS increased 0.4% in October to EUR 6,249 billion, whilst non-UCITS net assets increased 0.3% in the month to stand at EUR 2,479 billion.

Bernard Delbecque, Director of Economics and Research at EFAMA, said:

* Please see the accompanying attachment for the EFAMA Investment Fund Industry Fact Sheet (October) and the Notes to editors section for further information on how the fact sheet is produced.