European Fund and Asset Management Association reports EUR 233 billion net inflows into UCITS and AIFs in Q4 2025

The European Fund and Asset Management Association (EFAMA) published its European Quarterly Statistical Release for Q4 2025, alongside updated full-year 2025 figures, showing net inflows across fund categories and a 2.8% rise in combined UCITS and AIF net assets. In Q4 2025, UCITS and AIFs attracted EUR 233 billion in net inflows, comprising EUR 197 billion net sales of UCITS and EUR 36 billion net inflows into AIFs. Long-term funds took in EUR 216 billion, led by bond funds (EUR 87 billion), multi-asset funds (EUR 64 billion) and equity funds (EUR 54 billion), while money market funds recorded net sales of EUR 17 billion (down from EUR 39 billion in Q3). Sustainable fund flows remained split, with long-term SFDR Article 9 funds posting a ninth consecutive quarter of net outflows (EUR 6.6 billion) as long-term Article 8 funds attracted EUR 70.1 billion; EFAMA also reported European households’ net fund acquisitions of EUR 66 billion in Q3 2025. For 2025, UCITS net assets increased by 9.7% to EUR 16.7 trillion and net sales reached EUR 819 billion, including EUR 241 billion in equity UCITS, EUR 308 billion in bond UCITS, EUR 70 billion in multi-asset UCITS, and EUR 143 billion in money market fund UCITS. AIF net assets rose 4.1% to EUR 8.5 trillion and net sales totalled EUR 69 billion, with inflows into multi-asset AIFs (EUR 53 billion) and other AIFs (EUR 31 billion) offset by equity AIF net outflows (EUR 34 billion).