The European investment fund industry saw a surge in demand for UCITS in Q1 of 2014 with the total rising to €148 billion, according to statistics from the European Fund and Asset Management Association (EFAMA).
This marks the largest quarterly net inflow since Q1 of 2006 and is a stark contrast when compared with net sales of €51 billion in Q4 2013.
UCITS excluding money market funds (long-term UCITS) experienced net inflows of €134 billion during Q1 2014, up from €72 billion in the previous quarter. Demand for bond funds was the driver behind this large increase, as net inflows reached €61 billion and sales of balanced funds increased to €45 billion.(…)
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