Date Published 05/07/2024
In June 2024 EFAMA, the European Fund and Asset Management Association, issued a report containing an overview of statistical developments in asset management across Europe in the first quarter of 2024. The main developments in Q1 2024 can be summarised as follows:
UCITS
- UCITS net assets increased by 5.3%.
- Net sales of UCITS amounted to EUR 97 billion, up from EUR 91 billion in Q4 2023.
AIFs
AIFs registered net inflows of EUR 9 billion, compared to EUR 51 billion in Q4 2023.
Overall, AIFs saw a 2.7% increase in net assets.
Analysis by Strategy
- Net inflows into money market funds amounted to EUR 21 billion, compared to EUR 121 billion in Q4 2023.
- Bond funds attracted strong net inflows of EUR 95 billion.
- Equity fund net sales were modest at EUR 3 billion).
- Long-term funds registered net inflows of EUR 85 billion, compared to EUR 21 billion in Q4 2023.
- Multi-asset funds experienced net outflows totalling EUR 15 billion. This was a marked slowdown compared to EUR 46 billion of net outflows in Q4 2023.
ESG
- Net outflows from SFDR Article 9 funds continued and amounted to EUR 4.1 billion. This compares to EUR 3.5 billion in Q4 2023.
- Article 8 funds attracted net inflows of EUR 19 billion. This reversed the previous trend which saw net outflows of EUR 27.1 billion in Q4 2023