Global fund assets up to 4.4% in Q1, says the International Investment Funds Association

Global investment fund assets increased by 4.4% in the first quarter of 2012, reaching €20.85tr, according to data from Efama and the Investment company institute on behalf of the International Investment Funds Association.

Worldwide net cash inflows to all funds increased in the first quarter to €193bn from €83bn in the previous quarter.

Net cash flows into long-term funds reached €248bn in the first quarter, compared to €11bn in the fourth quarter of 2011.

“This jump was mainly attributable to increased net sales of bond funds, from €49bn in the previous quarter to €169bn in the first quarter,” the association said.

Equity funds registered a third quarter of net withdrawals, reducing outflows to €6bn, compared to net outflows of €52bn in the previous quarter.

Net sales of money market funds returned to negative territory in the first quarter registering net outflows of €55bn, against net inflows of €72 bn in the fourth quarter of 2011.

“Looking at the worldwide distribution of investment fund assets at end March 2012, the United States and Europe held the largest share in the world market, with 48.9 percent and 28.6 percent, respectively. Brazil, Australia, Japan, Canada, China, Rep. of Korea, South Africa and India follow in this ranking. Taking into account non-UCITS assets, the market share of Europe reached 36.0 percent at end March 2012,” said the research.

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