According to a new study by MondoAlternative, alternative UCITS funds continued to rise in the second quarter of 2012 with new inflows of €6 billion. Global asset managers received the majority of inflows with over €5.7 billion, while hedge fund boutiques brought in €208 million.
Fixed income was the largest contributor to growth in the sector with inflows of €3.9 billion during the second quarter. However, the second quarter saw a decrease in launches of new funds with 13 opening and 24 liquidating.
The study also looked at the makeup of investors, discovering that based on a sample of 53 funds, over 94% of alternative UCITS investors are European. Of these European investors, over 20% hail from the U.K., and Italy ranks second with just under 20% of the European share.
As for who is investing in these funds, the study discovered that the majority of inflows come from direct institutional investors (46%) and financial intermediaries (41%). Of these institutional investors, banks lead the way with a 23.5% share of investments.
Alternative UCITS Inflows Up, Says Survey
According to a new study by MondoAlternative, alternative UCITS funds continued to rise in the second quarter of 2012 with new inflows of €6 billion. Global asset managers received the majority of inflows with over €5.7 billion, while hedge fund boutiques brought in €208 million.