“Despite a dip in global stock markets, bond Ucits continued to attract strong net inflows in April as investors were anticipating the June ECB rate cut,” Thomas Tilley, senior economist at the European Fund and Asset Management Association, commented in a press release on 28 June 2024. Photo: Efama

“Despite a dip in global stock markets, bond Ucits continued to attract strong net inflows in April as investors were anticipating the June ECB rate cut,” Thomas Tilley, senior economist at the European Fund and Asset Management Association, commented in a press release on 28 June 2024. Photo: Efama

Luxembourg alternative investment funds recorded €5.168bn of net inflows in April 2024, says the most recent monthly factsheet published by the European Fund and Asset Management Association. Ucits in Luxembourg saw €10.309bn of net outflows during the same month, while Irish Ucits saw €13.494bn of net inflows.

The European Fund and Asset Management Association (Efama) on 28 June 2024 published its latest monthly investment fund industry fact sheet, which includes .

After €125m of outflows in January 2024, €1.41bn of net outflows in February and €2.731bn of net inflows in March, Luxembourg alternative investment funds (AIFs) recorded €5.168bn of net inflows in April 2024.

Undertakings for collective investment in transferable securities (Ucits) domiciled in the grand duchy saw €10.309bn of outflows in April 2024, said Efama’s factsheet. This comes after €887m of outflows in March, €1.008bn of outflows in February and €5.7bn of outflows in January 2024.

Ireland: inflows for AIFs, Ucits

Alternative investment funds in Ireland saw €1.654bn of net inflows in April 2024, following €2.131bn of outflows in March, €2.037bn of net outflows in February and €2.5bn of outflows in January.

Irish Ucits recorded €13.494bn of net inflows in April. They saw €1.768bn of outflows in March 2024, but Ucits domiciled in Ireland have otherwise seen inflows every month since August 2023.

Ucits attract net inflows of €35bn at European level

Efama also noted that Ucits attracted net inflows of €34.927bn at European level during the month of April (up from €22bn in March), while AIFs saw €7.308bn of inflows (versus €2bn in March).

Long-term Ucits (Ucits excluding money market funds) saw net inflows of €21bn, up from €18bn in March, said the association’s press release.

Equity funds registered net outflows of €1bn (similar to the level of net outflows in March). Bond funds saw net inflows of €27bn, up from €19bn in March. “Despite a dip in global stock markets, bond Ucits continued to attract strong net inflows in April as investors were anticipating the ” commented Thomas Tilley, senior economist at Efama.

Multi-asset funds continued to experience net outflows (€7bn in April), compared to net outflows of €4bn in March.

Efama’s monthly factsheet covers 24 EU countries, as well as Liechtenstein, Norway, Switzerland, Turkey and the United Kingdom.

Find Efama’s full investment fund industry factsheet for April 2024 .

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