The European Fund and Asset Management Association (EFAMA) published its Monthly Statistical Release for December 2025, providing a first full-year view of 2025 flows and assets in the European investment fund market. The data show a record year for Undertakings for Collective Investment in Transferable Securities (UCITS), alongside higher aggregate inflows to UCITS and alternative investment funds (AIFs) and fund assets surpassing EUR 25 trillion. Across 2025, UCITS and AIFs recorded net inflows of EUR 873 billion (EUR 685 billion in 2024) and net assets rose 7.4% to above EUR 25 trillion. UCITS net sales reached EUR 828 billion (EUR 630 billion in 2024), led by bond UCITS inflows of EUR 304 billion and equity UCITS net sales of EUR 247 billion, with equity exchange-traded funds (ETFs) attracting EUR 261 billion while non-ETF equity funds saw EUR 14 billion of net outflows; UCITS ETF net sales in total rose to EUR 347 billion. Multi-asset UCITS returned to net inflows of EUR 79 billion and UCITS money market funds attracted EUR 143 billion. AIF net sales were EUR 45 billion (EUR 55 billion in 2024), with multi-asset AIFs posting EUR 53 billion of net sales and equity AIFs seeing EUR 44 billion of net outflows. In December 2025, UCITS and AIFs recorded net sales of EUR 81 billion (EUR 66 billion in November), including UCITS net inflows of EUR 52 billion and AIF net inflows of EUR 29 billion, while total net assets edged down 5 basis points to EUR 25.2 trillion.
European Fund and Asset Management Association 2026-02-25
European Fund and Asset Management Association reports record EUR 828 billion net sales for UCITS in 2025
EFAMA's December 2025 report highlights a record year for UCITS, with net inflows of EUR 873 billion and assets over EUR 25 trillion. UCITS net sales hit EUR 828 billion, driven by bond and equity UCITS, while equity ETFs attracted EUR 261 billion. AIFs saw net sales of EUR 45 billion, with multi-asset AIFs posting EUR 53 billion.