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The European Fund and Asset Management Association (EFAMA) has today published its latest Investment Funds Industry Fact Sheet, which provides net sales of UCITS and non-UCITS for August 2014. 27 associations representing more than 99.6 percent of total UCITS and non-UCITS assets at end August 2014 provided us with net sales and/or net assets data.
The main developments in August 2014 in the reporting countries can be summarized as follows:
- Net sales of UCITS amounted to EUR 38 billion in August compared to EUR 59 billion in July. This reduction in net sales can be attributed to reduced net sales of equity and money market funds during the month.
- Long-term UCITS (UCITS excluding money market funds) posted net inflows of EUR 29 billion, down from EUR...
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