The European Fund and Asset Management Association has published its Monthly Statistical Release for March 2026, showing that UCITS and alternative investment funds recorded combined net outflows of EUR 38 billion after net inflows of EUR 143 billion in February. The reversal was driven by UCITS net outflows of EUR 41 billion, while AIFs remained in positive territory with EUR 3 billion of net inflows. Total net assets of UCITS and AIFs fell 3.4% to EUR 25.4 trillion. Within UCITS, long term funds excluding money market funds posted net outflows of EUR 25 billion, compared with EUR 117 billion of net inflows in February. ETF UCITS still attracted EUR 14 billion, down from EUR 49 billion, while equity, bond and multi-asset UCITS moved to net outflows of EUR 11 billion, EUR 15 billion and EUR 2 billion respectively. UCITS money market funds also swung to net outflows of EUR 17 billion from net inflows of EUR 19 billion. In accompanying commentary, EFAMA linked the shift in UCITS flows to market disruption and weaker investor sentiment during the war with Iran, while noting that the outflows amounted to only about 0.2% of net assets.
European Fund and Asset Management Association2026-06-01
European Fund and Asset Management Association reports EUR 38 billion net fund outflows in March as UCITS turn negative
The European Fund and Asset Management Association’s March 2026 Monthly Statistical Release reports combined UCITS and alternative investment fund net outflows of EUR 38 billion, reversing EUR 143 billion of net inflows in February, with total net assets down 3.4% to EUR 25.4 trillion. UCITS recorded EUR 41 billion of net outflows, driven by long-term and money market funds, while alternative investment funds saw EUR 3 billion of net inflows. EFAMA attributed the UCITS outflows, about 0.2% of net assets, to market disruption and weaker investor sentiment during the war with Iran.