UCITS demand signals stronger confidence

According to year end EFAMA figures, net sales of UCITS reached EUR201bn in 2012 after recording net outflows of EUR97bn in 2011. There was a surge in demand for long-term UCITS which recorded net inflows of EUR 239bn after registering net outflows of EUR64bn in 2011. Bond funds made up the lion’s share of net inflows (EUR203bn) with equity funds recording net inflows of EUR2bn, suggesting that while confidence has improved investors remained risk-averse and cautious about the economic outlook almost until the end of 2012. Luxembourg and Ireland's share of the UCITS market increased ...