Figures from the European Fund and Asset Management Association (EFAMA) confirm the current slump in demand for equity and bond funds.
Data drawn from 23 associations representing more than 97% of total UCITS and non-UCITS assets at end June 2011 reveal the full extent of recent trends. EFAMA reports that the main development to highlight from this data is that UCITS witnessed a swing in net sales in June to record net outflows of €2bn, after recording net inflows of €22bn in May. EFAMA believes this turn around in net sales is attributable to large net outflows from money market funds and reduced net sales of equity and bond funds. Long-term UCITS (excluding money market funds) experienced reduced net inflows i...
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