Connexion
/ Inscription
Mon espace

Long-term UCITS register strong net sales in December 2012 and reach EUR 234 billion of inflows in 2012

ER - Patrimoine et placements
ABONNÉS

A continued increase in optimism on the economic outlook was brought about in December 2012 by reduced tensions in the euro area sovereign debt markets and rising stock markets, which supported equity funds in attracting their highest level of monthly net inflows since January 2011.

The European Fund and Asset Management Association (EFAMA) has today published its latest Investment Fund Industry Fact Sheet*, which provides investment sales and asset data for December 2012.

26 associations representing more than 99.6 percent of total UCITS and non-UCITS assets at end December 2012 provided us with net sales and/or net assets data.   

 

The main developments in December 2012 in the reporting countries can be summarised as follows:

 

·         Long-term UCITS (UCITS excluding money market funds) continued to register strong net sales in December: EUR 35 billion, compared to EUR 38 billion in November.  

o   Net sales of equity funds totaled EUR 14 billion, up from EUR 13 billion in November.  

o   Bond funds continued to record strong net inflows in December, albeit less than in November:  EUR 14 billion compared to EUR 21 billion.  

o   Balanced funds recorded a rise in net sales to EUR 7 billion, up from EUR 3 billion in November.

 

·         Net inflows into UCITS amounted to EUR 1 billion in December, down from EUR 38 billion in November.  This drop came on the back of large net outflows from money market funds.

·         Money market funds suffered from considerable net outflows (EUR 33 billion), which can be explained by cyclical end-year withdrawals.

·         Total net sales of non-UCITS increased substantially in December to EUR 30 billion, thanks to a surge in net sales of special funds (funds reserved to institutional investors) which rose to EUR 27 billion, up from EUR 3 billion in November.

·         Total net assets of UCITS increased 0.5 percent in December to EU 6,351 billion, whilst non-UCITS assets grew by 0.8 percent to EUR 2,521 billion.  Total assets of UCITS and non-UCITS ended the year at EUR 8,872 billion, 0.6 percent higher than at end November.

 

The main developments in 2012 in the reporting countries can be summarised as follows[1]:

 

  • Net sales of UCITS amounted to EUR 198 billion (net outflows of EUR 90 billion in 2011).

  • Net sales of long-term UCITS totaled EUR 234 billion (net outflows of EUR 54 billion in 2011).

  • Money market funds registered net outflows of EUR 37 billion (net outflows of EUR 35 billion in 2011).

  • Non-UCITS recorded net inflows of EUR 133 billion (EUR 99 billion in 2011).

  • Special funds attracted net sales of EUR 107 billion (EUR 94 billion in 2011).

  • Overall, UCITS and non-UCITS recorded net inflows of EUR 331 billion (EUR 10 billion in 2011).

  • Net assets of UCITS and non-UCITS increased to EUR 8,872 billion (EU 7,930 billion at end 2011).

 

Peter de Proft, Director General at EFAMA, commented:

2012 was a good year for the European investment fund industry and its clients, thanks to improved financial market conditions.  Net sales of UCITS and non-UCITS totaled EUR 331 billion in 2012, whilst net fund assets increased by 12% over the twelve months to reach an all-time high of EUR 8,872 billion.

The strong demand for UCITS may be attributed to the decisive policy measures taken by the ECB and its commitment to do “whatever it takes” to save the euro.  Progress in reducing fiscal imbalances and strengthening the governance of the euro area also supported investor confidence. 

Overall, bond funds were the big winner as investors searched for yield in a sustained low growth, low interest rate environment.  Equity funds have only benefited from improved investor confidence at the end of the year.  This explains why they only attracted EUR 2 billion in new money in 2012.  Still, this is a much better outcome than in 2011, which saw equity funds recording net withdrawals of EUR 70 billion.”

[1] Net sales data for countries reporting net sales on a monthly basis in 2011 and 2012.

 

 

Lire la suite...


Articles en relation

ER - Patrimoine et placements
ABONNES
Plongée dans l’univers des investissements des entrepreneurs les plus accomplis

La 5ème édition de l'étude « Entrepreneurs BNP Paribas 2019 » de BNP Paribas Wealth Management publie les investissements privés préférés des investisseurs fortunés - les Entrepreneurs « Elite » - et les tendances qui façonnent leurs choix en matière d'allocation de leur portefeuille. Extrait de l'étude 1/ Les actions sont le premier choix de portefeuille des entrepreneurs Élite : en réagissant avec enthousiasme à la hausse des marchés boursiers, ils ont davantage investi en actions...

ER - Patrimoine et placements
ABONNES
« European Sustainable Infrastructure Debt », investir dans la dette infrastructure

Lancé par NN Investment Partners (NN IP), le fonds NN (L) European Sustainable Infrastructure Debt* vient renforcer la gamme durable de NN IP et répond à la demande croissante d'investissement dans des actifs réels. La dette infrastructure est largement perçue par les investisseurs comme particulièrement attractive car elle offre des rendements convaincants, ajustés au risque, et présente par la même occasion des avantages sociaux, environnementaux et économiques, générés par les principaux...

ER - Patrimoine et placements
ABONNES
[Les entretiens d'Esteval] Mark Rogers, Montanaro AM

3 questions à Mark Rogers, gérant des fonds Montanaro European Midcap Fund et back-up manager du Better World Fund Vous avez rejoint l'équipe de Montanaro il y a près de 5 ans. Quel est l'état d'esprit qui anime les équipes de gestion ? Chez Montanaro, rien n'est blanc ou noir, nous privilégions en permanence la nuance en misant sur l'innovation et la formation. Il s'agit pour nous d'une quête permanente de savoir-faire en matière de gestion. Ensuite, pour l'implémentation, c'est un...