The figures from the European Fund and Asset Management Association (EFAMA) shows continuing demand from investors for long-term funds as well as a gradual exit from money market funds.
Net inflows into long-term Ucits funds, excluding money market funds, remained strong in March, totalling €26bn compared with €28bn in February. Money market funds however, notched up a seventh consecutive month of outflows with a further €18bn leaving the sector.
Ucits funds reflected the combined effects of these trends, with net inflows falling from €12bn in February to €8bn in March.
Bond funds continue to be popular with European investors, collecting €13bn of net inflows while equity and balanced funds ranked second and third with net inflows of €8bn and €6bn, respectively.
