Total net Ucits assets also rose 5.5% during the quarter, and by the end of March stood at €6.6trn. Equity, bond and balanced funds all registered growth in the quarter while money market fund net assets remained flat.
As the graph shows, inflows into equity and balanced funds outpaced the previous quarter, while bond funds sales fell between Q4 2012 and Q1 2013.
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Net outflows from money market funds fell significantly, from €28bn in the final quarter of last year to €2bn in Q1 2013.
By the end of the quarter the European fund market, including Ucits and non-Ucits, had a total €9.3trn in assets, an increase of 5% during the first three months of the year.
March proved to be the weakest month of the quarter, as money market fund sales tumbled impacting on overall sales figures.
