Strong equity fund sales drive Ucits growth

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


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.