Global investment fund assets reach €21.95 trillion at the end of 2012, EFAMA

Investment fund assets worldwide increased by 2.5% to €21.95 trillion in the third quarter of 2012, according to the latest data released by the European fund and asset management association (EFAMA).

Worldwide investment fund assets increased 5.3% during the quarter to $28.38 trillion, reflecting the depreciation of the US dollar against the euro during the quarter.

Total worldwide net inflows into investment funds amounted to €167bn during the third quarter, up from €99bn in the previous quarter. This increase was achieved thanks to stronger net inflows into balanced and bond funds.

Long-term funds, all funds excluding money market funds, registered increased net inflows during the quarter of €175bn, up from €141bn in the second quarter.
Bond funds continued to enjoy strong net inflows of €146bn, up from €121bn in the second quarter, EFAMA said.

Equity funds recorded the fifth consecutive quarter of net outflows while balanced/mixed funds registered a large increase in net sales to €38bn, compared to €2bn in the previous quarter.

Money market funds registered net outflows of €9bn, down compared to the second quarter. The United States registered net inflows of €29bn during the quarter, marking a turnaround compared to the second quarter when net outflows amounted to €53bn. On the other hand, Europe registered net outflows of €31bn, up from €1bn in the previous quarter.

At the end of the third quarter, assets of equity funds represented 37% and bond funds represented 24% of all investment fund assets worldwide. The asset share of money market funds was 16 percent and the asset share of balanced/mixed funds was 11%.

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