According to the latest statistics from the European Fund and Asset Management Association (EFAMA), overall net sales of Ucits fell from €36bn in July to €15bn in August, as net sales of long term Ucits reduced significantly during the month.
Long term Ucits, excluding money market funds, broke-even in August, which marked a steep decline compared to July when inflows stood at €35bn.
Net sales of balanced funds decreased to €3bn from €9bn in July.
Money market funds registered increased net inflows in August of €15bn, up from €1bn in the previous month.
Total non-Ucits saw their net sales fall to €9bn in August, compared to €16bn in July.
Total net assets of Ucits stood at €6,649bn at end August 2013, representing a 0.3% decline during the month.
Bernard Delbecque, director of economics and research at EFAMA, said: “Bond funds suffered in August from rising long-term bond yields, whilst uncertainty about Fed monetary policy and geopolitical concerns impacted negatively on equity funds.”
