The European Fund and Asset Management Association has published its Monthly Statistical Release for May 2026, showing that UCITS and AIFs together recorded net inflows of EUR 94 billion, down from EUR 100 billion in April. The main shift within the data was a moderation in overall UCITS inflows, while long-term UCITS remained stable at EUR 70 billion and bond funds attracted stronger demand. UCITS recorded net inflows of EUR 79 billion, down from EUR 104 billion in April, largely because money market fund inflows fell to EUR 9 billion from EUR 34 billion. Within long-term UCITS, ETF UCITS drew EUR 39 billion in net inflows, up slightly from EUR 38 billion, equity fund inflows fell to EUR 18 billion from EUR 28 billion, bond fund inflows rose to EUR 35 billion from EUR 23 billion, and multi-asset funds held steady at EUR 13 billion. AIFs posted net inflows of EUR 15 billion after net outflows of EUR 4 billion in April, while total net assets of UCITS and AIFs increased 3.3% month on month to EUR 27.2 trillion. EFAMA's accompanying commentary linked the pattern to strong global equity market performance, but said uncertainty over geopolitics, monetary policy and the economic outlook kept investors cautious and supported elevated inflows into bond funds.
European Fund and Asset Management Association2026-07-27
European Fund and Asset Management Association publishes May fund flow data, UCITS and AIF inflows ease to EUR 94 billion as bond demand rises
The European Fund and Asset Management Association's May 2026 statistical release shows combined UCITS and AIF net inflows of EUR 94 billion, down from EUR 100 billion in April. UCITS inflows slowed as money market fund demand fell, but long-term UCITS stayed at EUR 70 billion and bond fund inflows rose to EUR 35 billion. AIFs returned to net inflows of EUR 15 billion and total net assets reached EUR 27.2 trillion.