Ucits have enjoyed a surge in demand in the first quarter of 2013, according to the latest statistics from the European Fund and Asset Management Association (EFAMA).
Balanced funds have attracted the highest surge of interest with inflows of bond funds now showing signs of slowing. The €130bn inflow marks the largest quarterly net inflows since the first quarter of 2006. This compares with net sales of €78bn in the previous quarter. High net sales were helped by investor confidence on the economic outlook strengthening in the first quarter as financial markets around the globe enjoyed a strong start to 2013. Twenty-two countries recorded net inflows into UCITS in the first quarter of 2013, with ten countries attracting net inflows in excess of €1...
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