EFAMA, the European Fund and Asset Management Association published a press release entitled, "EFAMA reports strong net inflows into money market funds in October." It says, "The European Fund and Asset Management Association (​EFAMA) has today published its latest Investment Fund Industry Fact Sheet, which provides net sales of UCITS and AIFs for October 2018. The main developments for October 2018 can be summarized as follows: UCITS and AIFs registered net inflows of EUR 6 billion, compared to net outflows of EUR 22 billion in September. UCITS recorded net outflows of EUR 3 billion, compared to outflows of EUR 31 billion in September. Long-​term UCITS (​UCITS excluding money market funds) recorded net outflows of EUR 36 billion, compared to net outflows of EUR 11 billion in September. Equity funds registered net inflows of EUR 0.​4 billion, compared to EUR 4 billion in September. Bond funds suffered an increase in net outflows to EUR 23 billion, compared to EUR 10 billion in September. Multi-​asset funds also recorded an increase in net outflows to EUR 5 billion, compared to EUR 1 billion in September. UCITS money market funds registered net inflows of EUR 33 billion, compared to net outflows of EUR 21 billion in September. Net sales of AIFs recorded the same level of net inflows as in September (​EUR 9 billion). Total net assets of UCITS and AIFs decreased by 2.​5% to EUR 15,​698 billion, compared to EUR 16,​102 billion at end September." Bernard Delbecque, Senior Director for Economics and Research, commented, "Investor concerns about rising interest rates and political and economic uncertainty continued to weigh on the demand for long-​term UCITS in October, boosting demand for money market funds." EFAMA'​s "​Investment Fund Industry Fact Sheet" shows money funds with their strongest inflow since January 2018 ($​38B).

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