Strong year for Ucits as European economy improves

Ireland and Luxembourg accounted for the majority of Ucits net sales in 2012, while inflows across Europe returned to positive territory on the back of strong demand.

Strong year for Ucits as European economy improves


Total net sales of Ucits reached €187bn in Ireland and Luxembourg, which was 93% of the annual total, according to data published by the European Fund and Asset Management Association. Aggregate market share of Ucits assets in the two countries increased to 47.2% from 45.8% the previous year.

Total net sales across Europe reached €201bn, a significant improvement on the net outflows of €97bn seen the year before. Long-term Ucits also returned to positive territory, registering net inflows of €239bn compared to outflows of €64bn in 2011.

Net sales of non-Ucits also increased in the year, from €99bn in 2011 to €112 in 2012 and special funds reserved for institutional investors attracted an additional €18bn on the 2011 figure.

By the end of the year, total investment fund assets accounted for 62% of the EU’s GDP, while total investment trust assets increased 12.4% to €8,944bn.

Peter de Proft, Director General of EFAMA, said: “2012 was a good year for the European investment fund industry and its clients, thanks to improved financial market conditions, which led to strong demand for Ucits during the year. This increased demand resulted partially from the decisive policy measures taken by the ECB and its commitment to do “whatever it takes” to save the euro. Progress in reducing fiscal imbalances and strengthening the governance of the euro area also supported investor confidence.”



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