UCITS gain €19bn in November

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EUROPE - Long-term UCITS funds attracted €19bn (US$27.4bn) in assets in November, marking the eighth consecutive month of gains, according to new data by the European Fund and Asset Management Association.

The flows into the Undertakings for Collective Investment in Transferable Securities (UCITS) show European investors remain confident about a recovery in the global economy, EFAMA said. Regardless,...

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