At the end of January, net sales stood at €25bn, the first time they had been in positive territory since May’s €22bn figure. At its lowest point in the past 12 months, September registered net outflows of €49bn.
January sales were dominated by sales of long-term Ucits funds (€18.8bn of the €24.7bn total), followed by €13.4bn of bond funds.
These compare more than just favourably with to December’s sales figures that showed net outflows of €6bn, mostly for long-term funds (€-7.1bn) with money market (€1.3bn) and bond (€3.8bn) the only positive performers.
The total of net assets held at the end of January stood at €7.94trn, up from €7.74trn at the end of last year. These are dominated by Ucits above non-Ucits funds, with assets of €5.7trn at 31 January and €5.5bn at the end of December 2011.
