Investors pulled €3bn from UCITS and alternative investment funds in April, a markedly better figure compared to March, when outflows totalled €42bn, according to EFAMA data.
UCITS outflows reduced greatly from March's €35bn to just €0.3bn as long-term UCITS registered a smaller €2bn in outflows, compared to €20bn of outflows in March. Equity funds returned to black, bringing in net inflows of €3bn, compared to €8bn of outflows the month prior, while multi-asset funds stayed positive enjoying €5bn inflows, although this was a drop from last month's €7bn in positive flows. The UK accounted for €4bn in net UCITS sales in April. Morningstar: All asset classes record outflows for the first time since 2019 "Investors in UCITS equity funds showed resilienc...
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