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

Bernard Delbecque, Senior Director for Economics and Research at EFAMA, commented: “Net inflows into bond funds increased in April, suggesting investor confidence that inflation will continue to fall.”

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

• UCITS and AIFs recorded net inflows of EUR 34 billion, up from EUR 31 billion in March 2023.
• Net sales of UCITS decreased to EUR 19 billion, down from EUR 29 billion in March 2023.
• Long-term UCITS (UCITS excluding money market funds) registered net inflows of EUR 6 billion, compared to net outflows of EUR 8 billion in March 2023.
• Equity funds registered net outflows of EUR 3 billion, compared to net outflows of EUR 4 billion in March 2023.
• Bond funds experienced net inflows of EUR 16 billion, up from EUR 6 billion in March 2023.
• Multi-asset funds recorded net outflows of EUR 6 billion, compared to net outflows of EUR 11 billion in March 2023.
• UCITS money market funds recorded net inflows of EUR 14 billion, a decrease from EUR 37 billion in March 2023.
• AIFs registered net inflows of EUR 15 billion, up from EUR 2 billion in March 2023.
• Total net assets of UCITS and AIFs increased by 0.2% in April, reaching EUR 19,649 billion.

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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.