The European Fund and Asset Management Association has published its European Quarterly Statistical Release for Q2 2025, reporting that tariff uncertainty coincided with a slowdown in net sales of long-term UCITS, while retail fund purchases remained strong across most European countries. Overall UCITS and AIF net assets rose 1.6% over the quarter to EUR 23.6 trillion. UCITS and AIFs attracted EUR 142 billion of net inflows, down from EUR 219 billion in Q1 2025, with UCITS taking in EUR 154 billion and AIFs recording EUR 12 billion in net outflows. Long-term funds posted EUR 87 billion of net inflows across all categories, including EUR 45 billion into bond funds, EUR 20 billion into equity funds and EUR 12 billion into multi-asset funds, all lower than in Q1 2025. UCITS ETFs recorded EUR 63 billion of net inflows. Long-term SFDR Article 9 funds saw their seventh consecutive quarter of negative net sales with EUR 1.6 billion of net outflows, while long-term SFDR Article 8 funds attracted EUR 33.6 billion. The release also notes that European households’ fund acquisitions reached a record EUR 88 billion in Q1 2025, led by retail investors in Germany, Italy and Spain.
European Fund and Asset Management Association 2025-09-19
European Fund and Asset Management Association publishes Q2 2025 fund statistics showing EUR 142 billion net inflows and slower long-term UCITS sales
The European Fund and Asset Management Association's Q2 2025 release shows a slowdown in long-term UCITS net sales amid tariff uncertainty, though retail fund purchases remained robust. UCITS and Alternative Investment Funds (AIFs) saw net assets rise 1.6% to EUR 23.6 trillion, with UCITS attracting EUR 154 billion in net inflows and AIFs experiencing EUR 12 billion in net outflows. Long-term SFDR Article 9 funds faced their seventh consecutive quarter of negative net sales, while Article 8 funds attracted EUR 33.6 billion.