EFAMA reported a relatively more tempered appetite for equity funds, with net inflows growing from €10bn to €12bn from January to February, while balanced funds saw a lower net sales figure, from €15bn to €12bn.
Long-term UCITS funds (excluding money market) enjoyed net inflows of €51bn, the largest net inflows since January 2013m, and up from €40bn in January 2014.
Money markets funds held back net flow
While UCITS funds saw a second consecutive month of strong net inflows in February of €49bn, this was down from €69bn in January, with the money market outflows the main contributor.
The data shows fund sales from 26 associations representing more than 99.6% of total UCITS and non-UCITS assets at the end of February.
Bernard Delbecque, director of economics and research said: "A strong demand for bond funds was the main driver behind the increased net sales of long-term funds in February, reflecting expectations of continued subdued inflation and low interest rates."