The European Fund and Asset Management Association (EFAMA) has published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data on UCITS, and AIFs (alternative investment funds) sold in July 2021, at European level and by country of fund domiciliation.

Bernard Delbecque, senior director for economics and research at EFAMA, said: “Robust net inflows into long-term UCITS continued as investor confidence was buoyed by positive macro-economic data and an accelerating vaccine roll-out in Europe.”

The main developments in July 2021 were net sales of UCITS and AIFs totalled €138 billion, up from €75 billion in June 2021. UCITS recorded net inflows of  €107 billion, up from €60 billion in June 2021. Also long-term UCITS (those excluding money market funds) recorded €68 billion of net sales, compared to €72 billion in June 2021.

Equity funds were slightly more popular than their bond counterparts,  recording sales of €24 billion, compared to €22 billion  for bond funds.

Sales of multi-asset funds amounted to €20 billion, up from EUR 17 billion in June 2021 while AIFs registered  inflows of €31 billion, up from €15 billion in June 2021.