The latest UCITS sales figures from May 2011 are showing signs of a flight to quality as the sovereign debt crisis bites, but future reports may be more revealing on how investor reactions.
Bond funds enjoyed a jump in net inflows in May 2011 to record inflows of EUR 8bn, considerably higher than the EUR 1bn of withdrawals recorded in April, according to the latest report form The European Fund and Asset Management Association (EFAMA). Explaining the increase in bond fund sales, Bernard Delbecque, Director of Economics and Research at EFAMA, said: “Overall, UCITS continued to enjoy robust net sales in May in spite of the escalating sovereign debt crisis. The rebound in fixed income securities amid volatility in the markets highlights a shift in investors’ preference toward...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
