<\/p>\n
European investment funds delivered a record year in 2025, with net inflows at \u20ac873bn and total assets surpassing \u20ac25trn for the first time, according to the European Fund and Asset Management Association\u2019s (Efama) data.<\/p>\n
Ucits ( the EU\u2019s regulated cross-border investment vehicles)\u00a0 <\/span>accounted for the majority of new money, attracting \u20ac828bn in net sales over the year, surpassing the previous peak of \u20ac813 billion set in 2021. Net assets across European investment funds rose 7.4% year-on-year to \u20ac25.2tn.<\/p>\n Equity and bond strategies dominated flows, with ETFs continuing to capture an increasing share of investor demand.<\/p>\n Equity Ucits recorded \u20ac247bn in net inflows in 2025, up from \u20ac147bn in 2024. Investor preference for passive vehicles remained strong: equity ETFs gathered a record \u20ac261bn in net new money, while non-ETF equity funds lost \u20ac14bn.<\/p>\n Bond Ucits retained their position as the best-selling category overall, according to Efama, benefiting from continued rate cuts by major central banks. Net inflows reached \u20ac304bn in 2025, up from \u20ac275bn the previous year, though still below the \u20ac313bn peak seen in 2017. Unlike equities, most bond inflows went into non-ETF products, which attracted \u20ac239bn, compared with \u20ac64bn for bond ETFs.<\/p>\n Multi-asset Ucits returned to favour after two years of redemptions, recording \u20ac79bn in net inflows compared with \u20ac40bn of outflows in 2024. The turnaround suggests renewed appetite among investors seeking diversification across asset classes amid ongoing geopolitical and market uncertainty, Efama highlighted.<\/p>\n After inflows of \u20ac226bn in 2024, money market funds (MMFs) gathered a further \u20ac143bn in 2025. Although yield curves normalised during the year, investors continued to use MMFs as a cash alternative and safe haven.<\/p>\n Net Ucits ETF sales climbed to \u20ac347bn in 2025, exceeding the record of \u20ac269bn set in 2024.<\/p>\n By contrast, alternative investment funds (AIFs) gained \u20ac45bn, down from \u20ac55bn in 2024. Multi-asset AIFs led with \u20ac53bn in net sales, while equity AIFs recorded \u20ac44bn in outflows, partly reflecting Dutch pension funds transitioning from AIF structures to segregated mandates, shared Efama.<\/p>\n In December alone, Ucits and AIFs saw combined net inflows of \u20ac81bn, up from \u20ac66bn in November. Long-term Ucits attracted \u20ac73bn, including \u20ac30bn into ETF Ucits.<\/p>\n Thomas Tilley, senior economist at Efama, said: \u201cWith over EUR 800 billion in net sales, 2025 marked a record-breaking year for Ucits. Net inflows were robust across all main categories, with bond and equity funds accounting for the bulk. The rush into ETFs showed no signs of abating as these funds posted their third consecutive year of record-high net sales. At the same time, strong inflows into money market funds indicate that some investors adopted a more cautious stance during a year of geopolitical uncertainty and currency volatility.\u201d<\/p>\n Tanguy van de Werve, director general at Efama, said: \u201cThe strong inflows into Ucits in 2025 demonstrate the continued success and resilience of the Ucits regulatory framework. Investors\u2019 confidence in Ucits highlights the effectiveness of its robust governance, risk management, and investor protection standards. These results underscore the importance of preserving the stability of the framework and avoiding unnecessary regulatory changes that could disrupt an ecosystem that is clearly delivering for both investors and markets.\u201d<\/p>\n Hailin Yang, senior data analyst at Efama, added: \u201cNet sales of long-term Ucits remained strong in December 2025, as financial markets generally ended the year on a high note.\u201d<\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" European investment funds delivered a record year in 2025, with net inflows at \u20ac873bn and total assets surpassing \u20ac25trn for the first time, according to the European Fund and Asset Management Association\u2019s (Efama) data. Ucits ( the EU\u2019s regulated cross-border investment vehicles)\u00a0 accounted for the majority of new money, attracting \u20ac828bn in net sales over […]<\/p>\n","protected":false},"author":1,"featured_media":5685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/03\/Money-euro-6-641x445.jpg",641,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/03\/Money-euro-6-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/03\/Money-euro-6-300x211.jpg",300,211,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/03\/Money-euro-6.jpg",641,450,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=5684"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5684\/revisions"}],"predecessor-version":[{"id":5686,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5684\/revisions\/5686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/5685"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=5684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=5684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=5684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}