Efama: Global fund assets at record high  

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Worldwide investment fund assets have reached an all-time high in the fourth quarter of 2014, according to the latest data provided by Brussels based European Fund and Asset Management Association (Efama).

Investment fund assets worldwide stood at a new all-time high of €28.29trn at end 2014, reflecting growth of 3.9 % during the fourth quarter and 18.9% since end 2013.

Global net cash inflows increased in the fourth quarter to €335bn, up from €290bn in the third quarter, due to strong net inflows to worldwide money market funds.

According to Efama, the growth of money market funds is largely attributable to positive net sales recorded in the United States of  €98bn, whereas Europe registered net outflows during the quarter of  €10bn.

Long-term funds representing all funds excluding money market funds, recorded net inflows of €220bn during the fourth quarter, slightly down from the €223bn registered in the previous quarter.

Overall in 2014, worldwide investment funds attracted net sales of €1,169bn, up from €848bn in 2013, of which 40% of assets were held in equity and 22% in bond funds, while money market funds hold 13% of the overall market.

In terms of geographical distribution, the US continues to dominate, with US funds representing 51.2% of the market, while European funds hold 28.2% of the overall market share.

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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