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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 September 2014. 27 associations representing more than 99.6 percent of total UCITS and non-UCITS assets at end September 2014 provided us with net sales and/or net assets data.
The main developments in September 2014 in the reporting countries can be summarized as follows:
- Net sales of UCITS dropped to EUR 14 billion in September from EUR 41 billion in August. This steep reduction in net sales is primarily the result of a turnaround in net flows to money market funds during the month.
- Long-term UCITS (UCITS excluding money market funds) posted net inflows of EUR 28 billion...
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