The latest monthly figures from the European Fund and Asset Management Association show inflows of €54bn into Ucits funds during the month, a rise of €49bn on the €5bn inflows during July. Efama said this reflected a strong rise in net sales of long-term Ucits and an upturn in net inflows into money market funds.
Long term Ucits hit a record high in August reaching €38bn – the highest recorded by Efama since it started collecting data in October 2008 – and more than double the €16bn sold during July.
Meanwhile, bond funds saw contributions jump from €9bn in July to €23bn in August, while balanced funds also saw net sales increase during the month.
Money market funds moved back into positive territory, with net inflows reaching €16bn up from €11bn in July.
In total asset of both Ucits and non-Ucits funds increased 2% during the month to reach €7.5trn.
