UCITS bond sales soared in February

EFAMA’s February sales statistics reflected fresh interest in bond funds against expectations for continued, yet subdued, inflation and low interest rates remaining.

UCITS bond sales soared in February

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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."

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