Net assets of UCITS and AIFs recorded an increase of 4.5% in Q1 2021, reaching €19.6trn, according to the European Fund and Asset Management Association's (EFAMA) latest investment fund industry factsheet.
UCITS net assets increased by 5.6%, driven by robust stock market gains and strong net sales, which amounted to €169bn in the first quarter of the year, compared to €226bn in Q4 2020. EFAMA calls for delay to EU sustainability rules for funds Net assets of AIFs grew by 2.6%, attracting €32bn in net new money over the quarter, compared to €64bn in Q4 2020. Combined, UCITS and AIFs attracted €201bn of net inflows in Q1 2021. "Positive net sales and rising stock markets pushed the net assets of UCITS and AIFs very close to the symbolic level of €20trn in the first quarter of the year,...
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