In its latest investment fund industry fact sheet, EFAMA said long-term Ucits had seen a slight slow in redemptions in September – down to €37bn from €53bn in August.
Equity funds saw their net outflows reduce by €9bn in the month to €17bn, while net outflows from bond and balanced funds remained at similar levels to the previous month.
The fortune of money market funds, which investors have poured into in recent volatile months, turned around in September and the sector recorded outflows of €12bn for the month, against net inflows of €33bn in August.
Total non-Ucits registered sales were $5bn in September, down from €8bn at the end of August, which EFAMA put down to a drop in net inflows into special funds.
Bernard Delbecque, director of economics and research at EFAMA, said: "A worsening of the euro area sovereign debt crisis amid weakening economic growth continued to undermine investor confidence in September.
"At the same time net outflows from equity funds declined somewhat in September, suggesting resilience from investors despite the global uncertainties."
In compiling the report, EFAMA spoke to 23 associations representing more than 97% of total Ucits and non-Ucits assets at the end of September.
