EFAMA has published its latest Monthly Statistical Release for November 2024.

Bernard Delbecque, Senior Director for Economics and Research at EFAMA, commented: “ETF equity UCITS experienced record net sales in November, fueled by market optimism surrounding anticipated tax cuts and deregulation measures from the Trump administration to stimulate US economic growth.  These inflows primarily favoured US-focused and global ETF equity UCITS, which predominantly invest in US company stocks. This trend echoes the Draghi and Letta reports and underscores the urgent need to consider ways to strengthen the EU economy and boost the financing necessary to enhance the competitiveness of EU companies and achieve the climate and digital transitions.”

The main developments in November can be summarised as follows:

• UCITS and AIFs recorded net inflows of EUR 96bn, up from EUR 63bn in October.
   

• UCITS attracted net inflows of EUR 82bn, a significant increase from EUR 54bn in October.
   

  • Long-term UCITS (UCITS excluding money market funds) experienced net inflows of EUR 33bn, down from EUR 45bn in October. Of these, ETF UCITS attracted net inflows of EUR 31bn, up from EUR 28bn in October.
     

    • Equity UCITS registered net inflows of EUR 20bn, up from EUR 9bn in October.
    • Bond UCITS recorded net inflows of EUR 17bn, compared to EUR 34bn in October.
    • Multi-asset UCITS saw net outflows of EUR 5bn, reversing from net inflows of EUR 0.2bn in October.
       
  • Money market (MMF) UCITS attracted substantial net inflows of EUR 49bn, compared to EUR 9bn in October.
     

• AIFs recorded net inflows of EUR 13bn, up from EUR 9bn in October.
  

• Total net assets of UCITS and AIFs rose by 3.2%, reaching EUR 23,470bn.
   

-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.