The European Fund and Asset Management Association (EFAMA) said European UCITS mutual funds recorded record net inflows of €150 billion in January, up from €52 billion in the previous month.

Combined, UCITS and AIF funds recorded net inflows in January of €168 billion, more than doubling from €81 billion recorded in December 2025. 

UCITS stands for Undertakings for Collective Investment in Transferable Securities (UCITS) and AIFs are Alternative Investment Funds.

Total net assets of UCITS and AIFs increased by 2.4% to €25.7 trillion.

Ella Vacic, Research Officer at EFAMA, said: “UCITS net sales jumped to a record high in January 2026, with all fund types recording strong results, driven by positive investor sentiment and the usual January inflows into MMFs. ETFs stood out once again, reaching a new all-time high of EUR 49 billion in net sales.”

Long-term UCITS — excluding money market funds (MMFs)  — saw net inflows in January of €101 billion, up from €73 billion in December. Of these, ETF UCITS attracted €49 billion in net inflows, up from €30 billion in the previous month.

Equity funds registered net inflows in January of €46 billion, up from €36 billion in December 2025. 

Bond funds recorded net inflows in January of €37 billion, up from €24 billion in December 2025. 

Multi-asset funds recorded net inflows in January of €13 billion, up from €10 billion in December 2025. 

UCITS money market funds saw net inflows in January of €49 billion, compared to outflows of €21 billion in December 2025. 

AIFs recorded net inflows of €18 billion, down from €29 billion in December 2025.