Belgian AM market posts €177.2bn AUM over 2016

Belgian asset management association Beama has reported funds publicly distributed in Belgium were managing €177.2bn of assets at the end of 2016, up 2.6% year-on-year (i.e. + €4.6bn).

The 2006’s record – €179.1bn – is looming on the horizon for the industry.

After it faced outflows at the start of 2016, the Belgian asset management market recovered, especially in the fourth quarter since funds publicly distributed in the country posted €8bn inflows in Q4 2016, up 4.7% quarter-on-quarter.

Beama said the inflows’ growth seen between October and December 2016 can be explained by subscriptions to mixed and equity funds at the expense of money market funds, which have reported outflows of more than €14bn over 2016.

AUM of fixed income funds publicly distributed in Belgium reached €34.5bn and these of equity strategies amounted to €52.1bn as of end-December 2016.

The association highlighted that the rise of inflows in mixed funds goes together with an increase in the use of funds of funds, whose development is influenced by regulation and focus on cost efficiency.

At the end of 2016, Belgium-domiciled funds managed some €126.9bn in assets, of which pension savings funds account for a seventh.

Belgian pension savings funds have hit a new high, having recorded €18bn of assets under management over 2016.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

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