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EFAMA, the European Fund and Asset Management Association, today published its first Market Insights report along with its Investment Fund Industry Fact Sheet for March 2020. The Covid-19 pandemic significantly impacted financial markets. Stock markets across the world suffered a steep decline driven by lower economic growth and corporate profits. As anticipated, the crisis caused substantial net outflows from UCITS in March (EUR 313 billion). However, as a percentage of net assets, these outflows were no higher than in October 2008, at the height of the global financial crisis (2.9%).
Despite the sharpest market downturn in modern history, EFAMA notes that the vast majority of UCITS were able to function normally with only a few having to suspend trading for a limited...
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