The European Fund and Asset Management Association (Efama) on 23 January 2025 published its latest monthly investment fund industry fact sheet, which includes .

After €805m of net outflows in , €469m of outflows in  and €1.55bn of inflows in October, Luxembourg alternative investment funds (AIFs) recorded €3.952bn of net inflows in November 2024.

Undertakings for collective investment in transferable securities (Ucits) domiciled in the grand duchy recorded €5.835bn of net inflows in November, said Efama’s factsheet. That comes after €16.459bn of inflows in October.

Ireland: inflows for AIFs and Ucits

Irish alternative investment funds attracted €3.66bn of inflows in November.

Ucits in Ireland saw €73.189bn of inflows, the highest level in nearly two years and more than 12 times the inflows that Luxembourg Ucits reported in November.

European level: €82bn of net inflows for Ucits

Ucits overall attracted net inflows of €82.5bn in November, noted Efama, a significant increase from €54bn in October. AIFs recorded net inflows of €13.1bn, up from €8,8bn in October. The total net assets of Ucits and AIFs grew by 3.2%, reaching €23.47trn.

“ETF equity Ucits experienced record net sales in November, fuelled by market optimism surrounding anticipated tax cuts and deregulation measures from the Trump administration to stimulate US economic growth,” commented Bernard Delbecque, senior director for economics and research at Efama in a communiqué from the industry association. “These inflows primarily favoured US-focused and global ETF equity Ucits, which predominantly invest in US company stocks. This trend echoes the and Letta reports and underscores the urgent need to consider ways to strengthen the EU economy and boost the financing necessary to enhance the competitiveness of EU companies and achieve the climate and digital transitions.”

The industry association’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 November 2024 .