UCITS sales decline

April figures from the European Fund & Asset Managers Association (EFAMA) show while net sales of UCITS remained positive in April totalling EUR 18 billion, they were down from net inflows of EUR 47 billion in March.   Net sales of long-term UCITS reduced in April to EUR 8 billion, compared to EUR 32 billion in March. Equity funds  witnessed net outflows of EUR 8 billion during the month. Also experiencing net outflows was the balanced fund sector, with net outflows of EUR 3 billion.   Commenting on the figures, Bernard Delbecque, Director of Economics and Research at EFAMA, said:   ...