Net sales of long-term UCITS fell to low levels in February 2022

Published 

The European Fund and Asset Management Association (EFAMA) has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data on UCITS and AIFs for February 2022, at European level and by country of fund domiciliation.

Bernard Delbecque, Senior Director for Economics and Research at EFAMA, commented: “Concerns surrounding Russia’s invasion of Ukraine led to a sharp fall in net sales of UCITS equity and multi-asset funds in February, whereas net outflows from UCITS bond funds further increased in a context of rising inflation and expectations of tighter monetary policy.”

The main developments in February 2022 can be summarised as follows:

  • Net sales of UCITS and AIFs registered net outflows of EUR 48 billion, compared to net outflows of EUR 18 billion in January 2022.
  • UCITS recorded net outflows of EUR 43 billion, compared to net outflows of EUR 8 billion in January 2022.
    • Long-term UCITS (UCITS excluding money market funds) registered net inflows of EUR 2 billion, down from EUR 51 billion in January 2022.
      • Equity funds recorded net sales of EUR 8 billion, compared to EUR 25 billion in January 2022.
      • Bond funds registered net outflows of EUR 20 billion, compared to net outflows of EUR 12 billion in January 2022.
      • Net sales of multi-asset funds amounted to EUR 11 billion, down from EUR 36 billion in January 2022.
    • UCITS money market funds recorded net outflows of EUR 45 billion, compared to net outflows of EUR 59 billion in January 2022.
  • AIFs registered net outflows of EUR 5 billion, compared to net outflows of EUR 10 billion in January 2022.
  • Total net assets of UCITS and AIFs decreased by 2.2% in February to EUR 20,886 billion.

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