Latest figures showing investor behaviour in UCITS and non-UCITS released from the European Fund and Asset Management Association (EFAMA) show how investors refused to sell their equity fund investments despite market scares and woes.
The figures record the funds of 23 associations representing more than 97% of total UCITS and non-UCITS assets at end July 2011, showing the total number of net sales and/or net assets. So what do the latest figures tell us? To begin with, UCITS registered net outflows in July of €14bn, which should be compared to net outflows the previous month of €29bn. EFAMA says this reduction in the level of net outflows is largely down to the reduced net outflows from money market funds and an increase in the net sales of bond funds. The second piece of good news came with the announcement that...
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