Around €2bn of capital exited money market funds, compared to inflows of €4bn in the previous month. Total Ucits fund sales in February had reached €44bn.
There was also a decline in equity fund sales, which fell to €9bn from €14bn in February.
Net sales of long-term Ucits, which excludes money market funds, were €41bn for a second consecutive month.
Bond fund and balanced fund net sales, meanwhile, both recorded net sales increases of €2bn. The former totalled €15bn in March, while the latter hit €13bn.
Total non-Ucits sales also increased from €12bn in February to €18bn in March, while special funds (those reserved for institutional investors) reported an increase of €6bn from €9bn in February to €15bn in March.
The graph shows a breakdown of Ucits sales by fund type over 2013.
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The news marks a continuation of the upward trend in Ucits fund sales seen in 2012, during which time flows switched to positive after sustained outflows in 2011.
