Fixed income still the dominant force in Europe

The latest monthly report from the European Fund and Asset Management Association shows fixed income is still the region’s prefered asset class for retail investors.

Fixed income still the dominant force in Europe


In April, net inflows into Ucits accounted for €18.5bn compared to €46.7bn in March led once again by fixed income sales. This was largely down to the slump in sales of long-term Ucits funds (i.e. not including money market funds), down to €8.3bn from €31.9bn.

Bernard Delbecque, director of economics and research at EFAMA, noted: “The decline in the net sales of Ucits in April reflected, among other factors, investors’ lingering concerns about the growth and fiscal issues in the eurozone and the relating market risks and political uncertainty.”

Money market funds attracted €15bn in March and a further €10bn in April.

In March, €26.4bn went into fixed income, followed by a further €16.2bn in April, the ninth consecutive month where bonds outstripped equities and money market fund sales across Europe.

Equity funds saw outflows in April, of €7.1bn, compared to inflows of €1.5m in March and €437m in February, the highest figures since August last year.

These figures are compiled by EFAMA from data representing more than 97% of total Ucits and non-Ucits assets.


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