EFAMA has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data on UCITS and AIFs for March 2023, at European level and by country of fund domiciliation.
Bernard Delbecque, Senior Director for Economics and Research at EFAMA, commented: “The collapse of Silicon Valley Bank and worries about the banking sector led to unusually strong net inflows into MMFs in March as many investors took a conservative approach.”
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The main developments in March 2023 can be summarised as follows:
- UCITS and AIFs recorded net inflows of EUR 31 billion, an increase from EUR 2 billion in February 2023.
- Net sales of UCITS rose to EUR 29 billion, up from EUR 3 billion in February 2023.
- Long-term UCITS (UCITS excluding money market funds) registered net outflows of EUR 8 billion, compared to net inflows of EUR 15 billion in February 2023.
- Equity funds registered net outflows of EUR 4 billion, compared to net inflows of EUR 2 billion in February 2023.
- Bond funds experienced net inflows of EUR 6 billion, down from EUR 15 billion in February 2023.
- Multi-asset funds saw net outflows of EUR 11 billion, compared to net outflows of EUR 5 billion in February 2023.
- Equity funds registered net outflows of EUR 4 billion, compared to net inflows of EUR 2 billion in February 2023.
- UCITS money market funds recorded net inflows of EUR 37 billion, compared to net outflows of EUR 12 billion in February 2023.
- Long-term UCITS (UCITS excluding money market funds) registered net outflows of EUR 8 billion, compared to net inflows of EUR 15 billion in February 2023.
- AIFs registered net inflows of EUR 2 billion, compared to net outflows of EUR 1 billion in February 2023.
- Total net assets of UCITS and AIFs decreased by 0.1% in March to EUR 19,605 billion.
-ENDS-
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.
