The latest figures from the European Fund and Asset Management Association (EFAMA) show the rate at which Ucits funds are seeing outflows is reducing compared to the end of the summer months of August and September.
Net outflows from equity funds registered €17bn in September down from €27bn in August, with a further fall in October to €8bn.
The bond fund equivalent numbers for September to October are €12bn down to €5bn.
Including money market funds, total net outflows for October were €30bn, down from September’s €49bn.
Attributed to a revitalised stock market during October, total Ucits assets grew by 2.2% to €5,487bn. Total non-Ucits assets also grew, by 1%, to €2,130bn.
Bernard Delbecque, director of economics and research at EFAMA, said: ““The net sales figures for Ucits showed mixed signals in October: on the one hand, Ucits saw reduced net outflows, as expectations of a conclusive plan to resolve the sovereign debt crisis provided some hope to investors. On the other hand, net withdrawals remained at a high level with all categories affected, as uncertainty lingered and the economic outlook deteriorated.”