In June 2023, European ETFs reflected marked resilience with a decrease in net outflows and a 1.2% rise in total net assets, according to the latest data from the European Fund and Asset Management Association (EFAMA).
EFAMA’s recently released monthly ‘Investment Fund Industry Fact Sheet’ details the net sales data of Ucits and AIFs for the month. The report reveals that Ucits and AIFs combined witnessed net outflows totalling €8 billion, showing an improvement from €13 billion in May.
Ucits alone accounted for net outflows of €15 billion, a notable increase from the €6 billion recorded the previous month.
Within the Ucits category, long-term Ucits (excluding money market funds) reported net outflows of €11 billion, up from €2 billion in May. A deeper look into asset classes revealed that equity funds experienced net outflows of €7 billion.
In contrast, bond funds had net inflows of €7 billion, and multi-asset funds saw outflows of €9 billion. Ucits money market funds remained steady, recording net outflows of €4 billion, consistent with the May figures.
On the flip side, AIFs registered net inflows of €8 billion, turning around from the €7 billion net outflows in May. The data culminates with the total net assets of Ucits and AIFs surging by 1.2% in June, reaching €19,871 billion, underscoring the resilience and adaptability of European ETFs in fluctuating market conditions.
Bernard Delbecque, Senior Director for Economics and Research at Efama, commented: “In June, Ucits ETFs continued to record high net sales for the ninth consecutive month, confirming the popularity of ETFs and their resilience in today’s investment landscape.”
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