Dutch mortgage funds booming

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Mortgage funds in the Netherlands grew +81% in 2014, due to a combination of increased demand from institutional investors and achieved price gains, contributing to an overall growth of 0.6% to €748 of assets managed by Dutch investment funds.

While bond- equity and hedge funds saw net withdrawals, mortgage funds great by €08.bn to a total of €6.7bn in the fourth quarter of 2014, according to the latest data provided by the Dutch Central Bank DNB.

The data is specifically centered on residential mortgages, with pension funds extending residential mortgage loans through these investment funds.

While the Dutch housing market recovered relatively slowly from the impact of the 2008 recession, average house prices in the Netherlands rose by 0.9% over the last year.

The overall growth of investment funds was curbed by net withdrawals of €9bn in the fourth quarter of 2014. It I the first time in three years that the sector has seen withdrawals, these were largely due to transfers and rebalancing of investments by pension funds. Bond funds saw withdrawals of -€7.1bn, equity funds by -€4.5bn and hedgefunds by -€1.5bn.

Souce: De Nederlandsche Bank (DNB)

Souce: De Nederlandsche Bank (DNB)

ABOUT THE AUTHOR
Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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