Retail investors show 'confidence' in long-term UCITS funds in Q3

H1 marked by “significant” reallocation, says EFAMA

Ongoing demand for long-term UCITS fund in the third quarter suggests that retail investors remained confident in their potential return prospects, the European Fund and Asset Management Association (EFAMA) has said.

Net assets in UCITS and AIFs grew by 2% and 1.3% respectively, reaching the combined total of €20.8trn in Q3, according to the latest data from EFAMA. In sales terms, UCITS attracted net inflows to the tune of €179bn for the quarter, while AIFS saw €21bn of net new cash, up from the €18bn seen in Q2. Following three quarters of "exceptionally" high sales, net sales of equity funds slowed in the third quarter against a backdrop of more volatile stock markets, EFAMA said. Nevertheless, they remained robust, according to the organisation. Across UCITS and AIFs, equity funds took in a ...