Investment fund at €22.17 trillion, EFAMA reports

Investment fund assets worldwide stood at €22.17 trillion at end 2012, reflecting growth of 1% during the fourth quarter and 11% since the end of 2011, according to the latest data released by the European Fund and Asset Management Association (EFAMA).

Worldwide net cash inflows surged in the fourth quarter to 369bn, up from 167bn in the third quarter.  

This surge is attributable to strong net inflows into both long-term funds and money market funds, EFAMA said.

Long-term funds recorded net inflows of  263bn during the fourth quarter, up from 175bn in the previous quarter.

Equity funds experienced a turnaround in net flows during the quarter registering 14bn in net inflows, against net outflows of 43bn in the third quarter.  

Bond funds enjoyed net inflows amounting to 163bn, up from 146bn in the previous quarter. 

Balanced funds experienced reduced net inflows during the quarter of 33bn.  

Long-term funds registered increased net inflows on both sides of the Atlantic as Europe attracted 106bn in net inflows and the United States attracted 96bn.

Overall in 2012 worldwide investment funds attracted net sales of 828bn. Worldwide long-term funds registered net inflows of 828bn in 2012, with net sales of money market funds breaking even.  

In Europe, long-term funds recorded net inflows of 240bn, with bond funds once again making up the lion’s share.

At the end of 2012, assets of equity funds represented 37 percent and bond funds represented 24 percent 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 percent.   

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