According to data supplied to the European Fund and Asset Management Association from 23 associations representing 97% of all Ucits and non-Ucits funds in Europe, net sales of Ucits funds reached €12bn in January, a €31bn increase from the €19bn outflows seen in December last year.
This increase was most felt by long term Ucits funds (excluding money market funds) which enjoyed net sales of €23bn during January, and equity funds which took net sales of €9bn during the month.
Bond funds also bounced back into positive territory in January with net sales of €2bn, a significant increase from the €7bn net outflows endured in January, while balanced funds notched up net sales of €4bn.
Money market funds meanwhile, often seen as a safe haven in times of trouble, reduced net outflows from €37bn in December to €11bn in January, reflecting a significant switch in investor sentiment.
Meanwhile, non-Ucits funds recorded total net inflows of €13bn in January, a huge drop from the €30bn December inflows. EFAMA said this decrease reflected a lower level of net inflows into special funds reserved for institutional investors which fell by €18bn from €30bn in December to 12bn In January.
