According to figures released today, inflows from UCITS reached €71bn, a significant jump from €14bn in December.
The European Fund and Asset Management Association (EFAMA), which published the figures, said the results reflect increased net sales of long-term UCITS and a considerable surge in net inflows to money market funds.
But equity funds suffered a reduction in net inflows to €11bn, a drop from €15bn in December.
Total sales of non-UCITS also dropped, totalling €13bn down from €15bn.
Net sales of long-term UCITS fared better, increasing to €42bn from €27bn.
Director of economics and research at EFAMA Bernard Delbecque said: “UCITS recorded in January 2014 the highest monthly net sales since the onset of the global financial crisis, and this in an environment characterised by falling long-term interest rates, continued low global inflation and rising stock market uncertainty reflecting tensions in several emerging markets.
EFAMA is the representative association or the European investment management industry.
Data for the survey was provided by 26 of EFAMA’s member associations.
Together, the associations represent more than 99.6% of total UCITS and non-UCITS assets and around €15trn in assets.
