Strong equity fund sales drive Ucits growth

Ucits experienced net inflows in April of 21bn, compared to net outflows of 9bn in March.

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Figures from 23 associations representing more than 97% of total Ucits and non-Ucits assets at the end of April 2011 provided EFAMA with net sales and net assets data.

Equity funds witnessed net inflows amounting to €8bn, considerably higher than net outflows of €11bn in March and balanced funds were the leading asset class with net sales of €10bn in April. This was the highest figure since April 2010.

Bond funds continued to register net outflows in April, slightly increasing to €0.7bn. And total non-Ucits net sales increased from €7bn in March to €8bn in April, driven by the net sales of special funds reserved to institutional investors.

The total value of Ucits amounted to €5,862bn at the end of April 2011, marking an increase of 0.4% since the end of March.

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