According to the European Asset Management Association (EFAMA), Ucits funds saw net inflows of €19bn, having seen €25n in the previous month. The positive trend was seen across all asset classes monitored, equities, bonds, balanced and money market funds.
Long-term Ucits funds (excluding money market funds) tipped the scales at €18bn compared to €19bn in January.
Of the major asset classes, equities weighed in with net sales of €4.5bn (€3.9bn in January) and bonds with €8.9bn (€13.4bn).
The largest net gain was from ‘other’ Ucits funds which registered net outflows of €0.8bn in January and rose to positive inflows of €3.4bn in February.
Total non-Ucits recorded a jump in net sales in February to register net inflows of €16bn, up from €7bn in January.
